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May 04, 2012, 01.20 PM IST
Sudarshan Sukhani, s2analytics.com is of the view that one can stay invested in SBI.
Sudarshan Sukhani, s2analytics.com is of the view that one can stay invested in State Bank of India (SBI)
Sukhani told CNBC-TV18, “The Bank Nifty is cracking today and is the worst performer. It’s breaking down from a very strong support level. That will happen to individual banks also. If one has a one year time horizon then Rs 2,050 is a very good entry price in State Bank of India (SBI). One should not worry about a 10% correction from these levels. So if one is mentally prepare for a 10% correction from the current market price then one can also look at 10-20% gains. One would be well advised to stay with it.”
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