SENSEX NIFTY
Feb 26, 2013, 11.22 AM IST | Source: CNBC-TV18

SBI can touch Rs 2280: Vayalar

Manoj Murlidharan Vayalar, IIFL PReMIA is of the view that SBI can touch Rs 2280.

Manoj Murlidharan

Head- Derivatives, Religare Securities

Expertise : F&O

More about the Expert...

Manoj Murlidharan Vayalar, IIFL PReMIA is of the view that SBI can touch Rs 2280.

Vayalar told CNBC-TV18, “For State Bank of India (SBI), after the recent correction of almost 4.5 percent, if one sees this average pricing of Rs 2880 to 2215 we are seeing good cash based buying happening and the net amount of shorting which has happened in the stock futures, we feel that is being reversed because that is giving a positive alpha on the stock. We feel 2280 is very much possible. Keep a stop loss somewhere close to 2190 on that and the stock is somewhere close to 2220 on the futures so I am long on that as well.”

Set email alert for

ADS BY GOOGLE

video of the day

Don’t try to time market; OMCs, paint cos to benefit: Emkay

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.