SBIN Intraday view !!

SBIN : cmp: 498.4
On the verge of break down.
Making lower lows for 3 days.. Facing resistance near 511-516 level.
Closed below 50 DEMA . RSI trending down.

May test 489/481 level.
View negated above 506 level.
Sell on rise candidate.

Can take position in future and option also. FEB 500PE can be look after.
if it opens lower wait for the bounce for shorting.

Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.

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