Bank of India has resistance at Rs 257-262: Bose

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Bank of India has resistance at Rs 257-262: Bose

Technical Analyst, Rajat K Bose is of the view that Bank of India has resistance at Rs 257-262. At lower levels maybe around Rs 246 for Bank of India and Rs 1,190 to about Rs 1,210 for SBI, more buying may again emerge.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS BOI's Jun'08 qtr PAT seen up 255 : P Lilladher SBI Jun '08 qtr PAT seen up 42.2% :Religare SBI plunges nearly 6% ALSO READ See previous views by Rajat K Bose See what other Experts & Brokerages are saying about Bank of India See messages about Bank of India Bank of India BSE | NSE 28/05/12 Are Mutual Funds betting on Bank of India? Other Stocks in this news State Bank of India |

Technical Analyst, Rajat K Bose is of the view that Bank of India has resistance at Rs 257-262.

Bose told CNBC-TV18, "Bank of India and State Bank of India have shown good movements in the recent past but they have already come very close to about resistance level. Bank of India has resistance between Rs 257-262, so unless these levels are crossed for Bank of India and SBI sustains above Rs 1,250, I think there could be some profit booking. At lower levels maybe around Rs 246 for Bank of India and Rs 1,190 to about Rs 1,210 for SBI, more buying may again emerge."