Buy SBI , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "You still buy SBI. Clearly at some point some of the stocks will start faltering, start going through choppy market conditions, but till now there are no signs. There will be one last trade which will be a loser that we all understand, because whenever this momentum stops whether it stops now at 6,000 whenever, so traders have to be prepared for that. So those who have been long from the very beginning are willing to take one loss after a succession of profits. Those who are entering now have to understand that this first trade may also be a loss. With that understanding State Bank is a buy."
He further added, "I eventually see Coal India breaking Rs 300 decisively. It's made a bearish head and shoulder pattern and is breaking down. So you don't want to buy Coal India, you want to sell it. Even in this market it's surprising that selling Coal India could actually make money."
Disclosure: I have no personal holding in any the above stocks.
