After the results, almost every brokerage came out with upgrades giving trgts of 500-600-700 on SBI, and it is easy for retail to buy CEs immdly; It might rise later, but the pause in the last 2 days ensured that the CEs fall sharply
A thread on OI and Options charts for SBI - why it stopped rising at 420 and how one could have identified that.
For those who missed ithttps://t.co/gb1PpJKQdY
— AP (@ap_pune) May 25, 2021