F&O buzzers : South Indian Bank Limited correcting towards support 22.7

South Indian Bank Limited future chart South Indian Bank Limited stock today closed at 23.85 with loss of 4%. Stock was today’s top loser in future and option segment. Stock is in uptrend and we saw strong bullish breakout at 22.7 level and stock achieved its first target of 24.35.   Now correcting and might test 22.7 support zone but above it SOUTHBANK stock will remain bullish and buy. On upside 24.35 will be first target and 27 will be second and medium term target. Future traders can buy stock future around 22.7 with stoploss below 22 for target 24.35 and then 27. Option traders can buy SOUTHBANK 23 call options on decline with stoploss for October expiry.   On weekly chart, SOUTHBANK stock looks strong and remain buy and accumulate for targets 25.5. And then 31.25 in medium to long terms.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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