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Aug 23, 2012, 06.29 PM IST
Potential upside may be seen in frontline banking stocks like ICICI Bank and State Bank of India (SBI). For a six month plus investment Rs 1850-1900 would be a great support in SBI, says Rahul Mohindar of viratechindia.com.
Potential upside may be seen in frontline banking stocks like ICICI Bank and State Bank of India (SBI). For a six month plus investment Rs 1850-1900 would be a great support in SBI, says Rahul Mohindar of viratechindia.com.
Mohindar told CNBC-TV18, "Banking stocks like State Bank of India (SBI), etc being heavyweights, over the last two months have really come down from higher levels. So, I think there is potential within the frontline banks and I would eye ICICI Bank and SBI both." He further added, "Looking at SBI specifically for a six month plus investment Rs 1850-1900 would be a great support. But if we look at little beyond that, some more heavyweights like the technology space Tata Consultancy Services (TCS) is been good, it’s a stock we have always been liking. I have been mentioning Rs 1400 targets on that." " Infosys seems to be coming out of the woods there and that could give it some good index support. So if we see a good 8-10% upmove from here on Infosys I think its certainly going to add some weight to the Nifty."
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