-------- Forwarded Message --------
Subject: SBI: Ahead Of Result---145-135 Zone Will Be Vital In The Nr.
Term
Date: Thu, 11 Feb 2016 08:18:18 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
For any strength, SBI need to stay above 168-178;
Otherwise it may fall towards 145-135 zone;
And consecutive closing below 145-135 area, can crash towards 100 zone
*CMP: 159*
*
*
*Either sell below 162-158 or on rise around 168-178;*
*
*
*TGT1: 145-135* (1-30 days)*
*
*
*TGT2: 120-100*-85-79 (12-24M)*
*
*
*TSL> 181/190*
Note: Consecutive three days closing above 181-190 zone for any reason,
SBI may further rally towards 210-220*-245 zone (alternative bullish
case scenario).
All eyes will be on the Q3FY16 result of SBI today amid capitulation of
PSBS for RBI's AQR stance. RBI may change its stance in the forthcoming
policy review after Q4FY16 balance sheet clean up of the Indian banking
system.
Street is estimating Q3FY16 PAT for SBI at around Rs.3250 cr against
Rs.2910 cr (YOY) and Rs.3879 cr (QOQ).
Analysts are estimating that net NPA may fall by 0.3% to around Rs.28592
cr (QOQ).
Most importantly, fresh slippages may be higher due to ongoing RBI's AQR
and consensus figure is around Rs.5750 cr against Rs.5875 cr (QOQ).
But there is some market talk that SBI may report an astounding figure
of around Rs.25000 cr for fresh slippages as par the present RBI AQR in
Q3 & Q4FY16.
Interestingly, for the last two day, SBI's CD swap jumped by nearly 0.2%
and reached highest level since Aug'2014.
Technically, for SBI, 145-135 zone is a strong support zone for any
rebound and consecutive closing below this zone for any reason, it may
fall towards 100 area in the mid to long term.
*Analytical Charts:*
<https://2.bp.blogspot.com/-dfnk8LQG8Mo/VrvykSk8GQI/AAAAAAAAGFU/yIvi1QiRDEw/s1600/SBI-M-10-02-2016.png>
<https://3.bp.blogspot.com/-LbuDnsB4pB4/VrvymjScazI/AAAAAAAAGFY/9n9mrEqk57o/s1600/SBI-FIBB-10-02-2016.png>
<https://4.bp.blogspot.com/-VWzujzzxbtg/VrvyoZtt-0I/AAAAAAAAGFc/kh_YQ1k9pTw/s1600/SBI-MA-M-10-02-2016.png>
<https://2.bp.blogspot.com/-8iSSdWeha3c/VrvytG2FhGI/AAAAAAAAGFg/U-Lsvy2bdlQ/s1600/SBI-PATTERN-10-02-2016.png>
<https://4.bp.blogspot.com/-qYDkPxbe89w/VrvyvHMW4eI/AAAAAAAAGFk/BN_antzhZaE/s1600/SBI-TL-10-02-2016.png>
<https://1.bp.blogspot.com/-_6QPz-PPNFA/Vrvywy29GtI/AAAAAAAAGFo/E4KAaFEyNUM/s1600/SBI-EW-10-02-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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