SBI faces a significant potential turning point tomorrow and the day after, January 31st and February 1st.  A trend reversal is highly likely around these dates.  Technically, the 780-800 range presents formidable resistance, suggesting a probable move lower while remaining below this zone.  Should this anticipated downturn materialize, initial targets are 724 and 681 (cash) in the short term.  Looking at a slightly longer horizon, SBI appears to be a compelling short opportunity on any 30-40 rupee rally from the current market price, targeting 576 within the next 3-4 months. For those with a higher tolerance for market fluctuations, this represents a high-conviction trade for the first half of 2025.

Infosys (INFY) has a bearish structure. Significant resistance is located between ₹1900 and ₹1930. We prefer to initiate fresh short positions here for potential target objectives of ₹1812 and ₹1760 on a cash basis. The ₹1812 level is specifically important from a timing perspective, as it is the intraday low from January 27th, which was a critical cycle date.  Sustained trade below ₹1812 is likely to trigger a sharp decline towards the ₹1600 zone. The next major cycle date is due on March 13th.”

“Indian Bank (below ₹487) may see a decline towards ₹462-₹441 in the coming days. Results on January 29th will be a key factor.”

https://ganninsides.com/2025/01/10/will-tcs-reverse-course-next-week/

“TCS lost its entire momentum gained after its results were announced. On January 10th, when the stock was up more than 6%, I shared a post anticipating that this momentum would fizzle out very soon. I also shared two dates, January 13th and 14th, as strong turning points. The stock reached its rebound high on January 13th. On the price front, 4200 was identified as critical support. The break of this support triggered a decline towards our first projected target of 4060 today. Going forward Further downside risks remain. 4020 now acts as a key support level. A close below this level could open the door for a deeper correction towards 3950, with potential extensions to 3840 in the coming weeks.”