PSU Banks

Allahabad Bank:
Previous close 124.85.
This counter is having a strong support around 120 level...
Meanwhile concentrate on 120 call for the June series.
Buy around 6 rupees for this series..............

State Bank of India:
Previous close 2129.
2085 is the last and final support for this counter.
This level will be deciding the future course of action for entire PSU Banks....
For now, any dip we will be buying this counter around 2100 levels with a stop loss of 2085-2080....
Remember, below 2080 it will be a free fall for this counter. You can go short below that level.
So trade accordingly...