Sudarshan Sukhani of s2analytics is of the view that one can buy SBI .
Sukhani told CNBC-TV18, "State Bank of India is one of the outperformer in the banking sector; after yesterday's mild correction the stock is probably ripe for another upmove. If this was only a mild correction then banks will outperform because banks started correcting last week itself. SBI is probably an outperformer among the banks so in all senses whether we have a choppy market or whether we have a trending market on the upside State Bank today probably justifies a buy. It's also a buy for position traders."
He further added, "The decline in Infosys post results has probably been completed, that was a steep decline. It was a good correction. Now it's finding strong support at Rs 2,500 and building a reasonable base, that base seems to be intact and that's the same story with TCS. So I am upbeat on the largecap IT stocks and upbeat on the midcaps."
"I think IT as a sector is likely to outperform in the short run. So Infosys is a buying opportunity even yesterday it did well and that should see a decent follow-through today. So Infosys is one of our best picks for today, trader should watch it in the morning and if you see a breakout in the first 15-20 minutes, don't wait longer, go and take a long position."
Disclosure: I have no personal holding in the above stocks.
