SBI, Bank of Baroda likely to bounce back: Bose

160909 Investors following SBI. Share this News with them.

0

Like this story, share it with millions of investors on M3

SBI, Bank of Baroda likely to bounce back: Bose

Technical Analyst, Rajat K Bose is of the view that SBI is close to Rs 1,204, if it does not fall below Rs 1,195-1,190 range then it might bounce back. If Bank of Baroda does not fall below Rs 209-207 range then one might see a bounce back in that as well, he added.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS SBI may slip to Rs 1150: Mathew SBI continues to slide ALSO READ See previous views by Rajat K Bose See what other Experts & Brokerages are saying about SBI See messages about SBI SBI BSE | NSE 30/05/12 Are Mutual Funds betting on SBI? Other Stocks in this news Punjab National Bank | Bank Of Baroda | Bank Of India |

Technical Analyst, Rajat K Bose is of the view that SBI is close to Rs 1,204, if it does not fall below Rs 1,195-1,190 range then it might bounce back.

Bose told CNBC-TV18, "SBI is close to Rs 1,204, if it does not fall below Rs 1,195-1,190 range then it actually might bounce back."

He further added, "If Bank of Baroda does not fall below Rs 209-207 range then one might see a bounce back in that as well. Bank of India has touched a significant support level on my chart yesterday. So if the lows of yesterday are not violated for a sustained period then even Bank of India might show a pullback. Punjab National Bank , PNB also showing that possibly there will be a pullback before they fall again. So I would not be shorting these stocks today."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.