We are seeing a very sluggish behavior from BN for the past two days.
Part of the reson has been that SBI has fallen a lot post results and it is not at a place for new shorts to enter.
Even ICICI bank is suggesting that there may not be great value for new shorts here.
ICICI Bank :
ICICI is very close to 1020 support in the futures. Alos the dpoc and vwap around 1070 have failed to migrate lower, suggesting that there is no value for new shorts.
The shorts from result day have not covered in sbi yet.
It is way below vwap and also not at a place to initiate new shorts.