SBI has been on a rally mode from 2050 levels, With recaptlization of banks with 12K cores news stock formed an DOJI pattern suggesting news arrival can be reversal for stock in short term.Previous support of 2562 will act as resistance now,Range of 2562-2571 will be diffcult to cross and pullback should be expected. Huge negative divergence in RSI is also observed but price needs to confirm the same.
Sell below 2537 Tgt 2523,2508 and 2494
Buy above 2572 Tgt 2582,2591 and 2615
Infosys will be coming with its earning today before market opens,Stock trading range is contracting and eventual breakdown and breakout is on cards.Trendline support comes at 2274 and Trendline resistance at 2360. Any breakout above or below this range will give a move of Ra 150.
Sell below 512.8 Tgt 509,504 and 500
Buy above 518 Tgt 521,525 and 529