Buy SBI and Axis Bank at current level for long term, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, " Mphasis has a far better chart. It has gone thorough a very prolonged bear market, coming out of it and that's a stock that should interest traders and is interesting to me also."
He further added, "Today's Nifty foray finally ended up with a zero position. Axis Bank and State Bank of India are two stocks that we have closed our position in but there is a second aspect to it. If somebody is an investor, there is absolutely no reason to take profits. In fact even at current levels, it is possible to justify buying both the banks especially State Bank of India if you have a six months or one year time horizon."
