well the picture isnt very clear..but then the if the end is well picture is a hit...
SBIN
1. TRADING above imp EMAs of 50 & 200.. which act as good support ..
2. higher lows is a positive sign according to dow theory..
3.last candle is a pin bar...saying tht buyers sentiments improved in the last hr n tht too when the market was not doing well...
4. huge resistance at 299 & huge support at 280 n 275...if any of these is broken it can be safely asumed as trend change ...
my strategy:
1.sbi moves up near 300 i will sell the 310 CE & 290/280 PE..
2. sbi moves down i will sell the 270 PE n 300 CE/290 CE...
safe strategy as of me ...
disclaimer: pl do ur own study ...
SBIN
1. TRADING above imp EMAs of 50 & 200.. which act as good support ..
2. higher lows is a positive sign according to dow theory..
3.last candle is a pin bar...saying tht buyers sentiments improved in the last hr n tht too when the market was not doing well...
4. huge resistance at 299 & huge support at 280 n 275...if any of these is broken it can be safely asumed as trend change ...
my strategy:
1.sbi moves up near 300 i will sell the 310 CE & 290/280 PE..
2. sbi moves down i will sell the 270 PE n 300 CE/290 CE...
safe strategy as of me ...
disclaimer: pl do ur own study ...