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SBI has target of Rs 2400: Sukhani
SBI has target of Rs 2400, says Technical Analyst, Sudarshan Sukhani. One can keep a protective stoploss somewhere at Rs 2,100 and if the markets and the stocks start slipping below that then you get out and otherwise wait patiently for your targets to come.
Sukhani told CNBC-TV18, "My top picks are primarily midcap PSU banks, that is Bank of India , Bank of Baroda and UCO Bank but that is just a matter of choice. The entire banking universe broadly suggests that outperformance in the times to come, so if you own SBI with you, you really don't want to get out in a hurry, look for a target of somewhere around Rs 2,400. But you must keep a protective stop that would be somewhere at Rs 2,100 and if the markets and the stocks start slipping below that then you get out and otherwise wait patiently for your targets to come and that applies generally to most other banks."
