May 04, 2012, 01.20 PM IST

Stay invested in SBI: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can stay invested in SBI.

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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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