SBI can test Rs 2250-2300: IIFL

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SBI can test Rs 2250-2300: IIFL

SBI can test Rs 2250-2300, says Amit Harchekar of IIFL.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Amit Harchekar See what other Experts & Brokerages are saying about SBI See messages about SBI

SBI can test Rs 2250-2300, says Amit Harchekar of IIFL.

Harchekar told CNBC-TV18, "I am expecting SBI to move towards Rs 2250-2300. I am talking from a perspective of one month because once we see a Nifty moving towards the resistance band it's quite obvious that you will expect a correction of 3-4%."

He further added, "Even L&T has crossed the resistance band of Rs 1335 and the next resistance seen close to Rs 1450. So the view for both the stock remains positive, any dips in this counter to be used for recommendation."

"At current levels PNB looks good. The stock has broken out from a psychological barrier of Rs 1000 levels. I still feel that stock has a potential upside of 6% from the current levels. So if anyone is initiating buy in PNB at current levels the stop loss is placed close to Rs 965 and I am expecting the stock to test Rs 1070 in the coming days."