State Bank - Positional Long

SBIN daily charts shows the Ichimoku cloud top providing support.

Long position in futures @ 260

Zlecenie aktywne:

Immediate targets (July futures): 265/269/273

Zlecenie aktywne:

Medium term targets (July Futures): 280/287

Komentarz:

Revised Targets (July Futures): 267/269/273/280/287/292
Max Call OI at 280 spot price

Komentarz:

Highest Call OI: 270 (with reduction in contracts)
Highest Call OI Additions: 280 and substantial OI at 300

Highest Put OI: 250 followed by 260
Highest Put OI Additions: 255

These spot prices could form the basis of SL/Targets

Zlecenie aktywne:

Target for today: 373 (July futures)

Komentarz:

* Sorry typo... Target for today: 273

Zlecenie aktywne:

Target not met so holding long position. Tomorrow will reset target to about 280-290 depending on my analysis later in the day.

Zlecenie zamknięto ręcznie:

Exited at cost. 1 hr stochastics very high and now dropping. Will wait for stochastics and Money Flow Index to hit lower levels and then go long again

Komentarz:

Bought yesterday at 259 which is my pivot level. (July Futures)

Zlecenie aktywne:

Long at 259. Holding position

Zlecenie zamknięto ręcznie:

Closed @ 264

Komentarz:

SBIN may try to find support at 250 or 245. If it bounces from these levels I will enter long again.

Komentarz:

The prices mentioned above are for July Futures

Zlecenie aktywne:

Long @ 252 (July Futures)

Zlecenie aktywne:

Moving slowly but holding position

Zlecenie zamknięto ręcznie:

Closed at 292

Komentarz:

Clarification: Closed after rolling over July futures position

Komentarz:

I've been travelling so had no time to post. But managed to enter positional trades. Entered SBIN futures again and finally closed when it hit my top target of 325. That's a rise of about 63 points since I posted this analysis. I traded positional longs a few times since then. That's about 2 lakhs per lot. Feels good when analysis works out so accurately :-)