BOB ois amongst the top three bank with total asset based of over Rs 7 trillion. Total business on gross basis is over Rs 10 trillion wich also include> Rs 1.05 trillion international advances. The bank has CASA of 27% of total deposits whereas the deposit itself has jumped>5 fold last 10 years.
Short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Our preference: short positions below 1261.00 with targets at 1254.00 & 1252.00 in extension.
Alternative scenario: above 1261.00 look for further upside with 1264.00 & 1267.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at...