I wouldn't touch SBI until nifty is above 5550. The damn thing can go down anywhere after 2464. But...vidimbana yeh hai, bhai, ki SBI hi nifty ko 5550 tak le ke jaane mein saksham hai!
Bnifty has a 26% load on nifty and stocks especially like ICICI has a indivual load of 7.31%
SBIN-3.34%
Kotak-0.90%
PNB-0.83%
Axis-1.92%
Hdfc bank-5.3%
Hdfc-5.21%
ITC earlier-1.4%-1.9%-2.5%
and now-
6.4%
They increased the % of Itc and reduced the % of SBIN ONGC and non performing stocks so now if sbi in a day increases 200 pts mkt will get a jump of not more than 30-40-60 max pts but as per astro and technical i say thoko sbin ke fut ko positional tgt of 2191-2144 if 2191 broken with a deep cut and bigg dipp it may show 2144 same day by panic selling
as sbin is no longer a premimum grade banking stock it is breaking its all records of falling every day
abb bhai sbin mein woh jigar aur dum nahi raha
Aur jaise nifty mein uska % kam kiya hai waise hi Bnifty mein bhi uska Weightage kam kiya hai toh extrem movement but small impact (Zor ka jhatka Dhire Se Lage )