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Sep 04, 2012, 10.54 AM IST
Go long in SBI between Rs 1800-1850, says Siddharth Bhamre, Angel Broking.
Go long in SBI between Rs 1800-1850, says Siddharth Bhamre, Angel Broking.
Bhamre told CNBC-TV18, "SBI has a strong support in the range of Rs 1800-1850, so that is where we would suggest to go long. SBI has seen a huge amount of short rollovers, so that would be a short covering candidate." He further added, " ICICI Bank again on the other hand has seen less rollover. The long unwinding pressure won’t be there; Rs 900 where it has closed around those levels is again a strong support. So that is also a good stock for a bounce till Rs 940. Basically Bank Nifty you can buy."
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