According to Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, one should exit State Bank of India. He feels Rs 2,350-2,360 is a very strong resistance.
Agarwal told CNBC-TV18, “He should actually exit State Bank of India (SBI). I feel Rs 2,350-2,360 is a very strong resistance and as I said tomorrow is a bank policy, so he might get that price before the policy itself.”
“So, it is better to exit before the policy and if there is a disappointment in policy then this share will fall again and he will be again left holding this share in a loss. So, it is better to exit if he gets his price before the policy, I think that is the best bet,” Agarwal added.