Technical Analyst, Rajat K Bose is of the view that State Bank of India , SBI can touch Rs 1825 and next target woul be Rs 1845-1860.
Bose told CNBC-TV18, "The kind of movements that we have seen in banking stock like Kotak Mahindra Bank and SBI is pretty much positive. In fact State Bank of India showing such strong movements definitely augurs well for the market and I personally feel that if it maintains above Rs 1,780, it can even cross Rs 1,875 and the next target would be something like Rs 1,845-1,860."
He further added, " ICICI Bank was a bit of a dampener because it came down after moving up pretty strongly. But I still feel that if it remains above Rs 894 then you will see good movement happening out there. So banking space may not be as strong as the IT space but definitely looking pretty good in fact much better than what it was earlier."
