Jul 02, 2013, 11.53 AM IST
Sudarshan Sukhani of s2analytics.com recommends buying State Bank of India (SBI). "If the stock finds support then go long on the stock," he adds.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would be a buyer in State Bank of India (SBI). In this market, one should not be looking at short selling opportunities generally, not in the large bluechips. If the market dips in the first half, wait patiently; if one finds support then go long in it."
The share touched its 52-week high Rs 2,550.00 and 52-week low Rs 1,847.80 on 10 January, 2013 and 30 August, 2012, respectively. Currently, it is trading 21.43 percent below its 52-week high and 8.43 percent above its 52-week low. Market capitalisation stands at Rs 137,049.63 crore.
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