-------- Forwarded Message --------
Subject: SBI:Q1 Result Was In Line With Street Estimates--Only
Sustaining Above 275 Will Target 295-305-345 And 255-248 May Be A Good
Buying Zone; Govt's PSB Initiative May Help
Date: Mon, 17 Aug 2015 09:45:59 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
To: undisclosed-recipients:;
_*Technical Analysis:*_
SBI (CMP:268) has to break & sustain over 271-275 for an immediate
target of 280-285 & 290-295. Only consecutive closing above 295, it may
scale up to 305-336-345 & 395 in the medium to long term (bullish case
scenario).
On the downside, inability to sustain over 275, SBI may face moderate
selling pressure and below 271, it may fall to 266-260-255 zone
immediately and sustaining below that 248 might be the target in the
short term. Only consecutive closing below 248, SBI might fall further
240-235-229-223-220 & 210-200 zone in the near term (worst bear case
probability).
_*Technical Trading Levels: (Positional)*_
SL</>2 FROM SLR
SBIN CMP 268
T1 T2 T3 T4 T5 T6 T7 SLR
Strong > 275 280-285 290-295* 300-305 310-315 320-326 336 345
<271
Weak < 271 266-260 255* 248* 240 235-229
223-220 210-200 >275
_*Some Inputs:*_
Q1FY16 result of SBI was by & large in line with street estimates (NP
better than estimates, but slight rise in NPA & NII was below estimates
and that drags the stock down).
Going forward, market will keenly watch set of numbers over the next few
quarters and till then it may be range bound within 248-295 zone.
Various initiatives announced by the Govt on last Friday late in the
evening (after market hours) may help all the PSB(s) today including SBI
(although discounted by some extent already as there was market talk
about this).
_*Techno Funda Valuation By BG Metrics: (Estimates)*_
Current median valuation: 255
Projected fair valuation: 285-320-360 (FY:16-18)
SCRIP EPS(TTM) BV(Act) P/E(AVG) LONG TERM SHORT TERM MEDIAN
VALUE 200-DEMA 10-DEMA
SBIN 22.81 213.31 10.34 253.19 252.72 252.95 271.79 270.79
SBIN 28.35 227.01 10.34 282.26 281.74 282.00 271.79 270.79
SBIN 36.25 261.05 10.34 319.18 318.59 318.88 271.79 270.79
SBIN 45.55 301.5 10.34 357.78 357.13 357.45 271.79 270.
_*Technical Charts:*_
<http://2.bp.blogspot.com/-Xd7sRWd2hrA/VdFYjd0HjtI/AAAAAAAADxQ/LNe1cbiGuUk/s1600/SBI-14-08-2015.png>
<http://2.bp.blogspot.com/-aE2jVOraB2w/VdFYmNTTHaI/AAAAAAAADxY/f-BYJlAmccw/s1600/SBI-FIBB-14-08-2015.png>
<http://1.bp.blogspot.com/-EnaoZ8AJhhc/VdFYobeqVTI/AAAAAAAADxg/w9zjy-Bx6_g/s1600/SBI-WK-14-08-2015.png>
<http://1.bp.blogspot.com/-D1sXDVRoQbo/VdFYqQ_2vZI/AAAAAAAADxo/jfR4xmjt6jI/s1600/SBI-TL-14-08-2015.png>
<http://1.bp.blogspot.com/-BVnUDEbn7CU/VdFYs5xGPGI/AAAAAAAADxw/YSz40rc28-A/s1600/SBI-TL-MT-14-08-2015.png>
<http://4.bp.blogspot.com/-PI5iuidAGGw/VdFYvgGtu-I/AAAAAAAADx4/n7G2riCfNdI/s1600/SBI-PATTERN-14-08-2015.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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