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Wednesday, May 12, 2021

SBI and Drreddy option strategy 1-5days

Shree Ganesha Namah  

Last post we given SBI near 358 it given 2 times opportunity to trade and moved 10 points 

https://denimnifty.blogspot.com/2021/05/new-stock-idea-sbin-2-10-days.html

What is next , 

SBIN is looking breaking out zones can play in 360ce , yesterday also given it moved 13.4 to 18.6 , today can buy near 363-366 for target of 368/370

option 360ce support n buy zones 13-16 targets 18/19/20.4/21.8/23.8 

This option is expected to move step wise short-term every day from dips will see buying interest 

Sup is near 348 zone weak below 340/350


Drreddy last time we given on fb for target of 5250/5300/5400 it hit ,

Now result is on 14may a bullish setup is seen can trade in 5400ce buy zone till 5265 156-170 zone for 200/230/250

if anyone wish to trade in 5300ce its 180-200zone expected target 5400/5500/5600 spot zone from 5265 and option targets 260/290/330/360 

Risk in drreddy is below 5065