With Nifty being in overbought levels, we see SBI at the upper trendline. Although it broke to the upside, we see classic evening star formation at the upper trendline.
I would be cautious if I'm long here. You might want to sell your position partially and wait for a pullback towards,
T1 - 200
T2- 195
T3- 189 for short term.
I would be cautious if I'm long here. You might want to sell your position partially and wait for a pullback towards,
T1 - 200
T2- 195
T3- 189 for short term.