Go long in SBI, says Sudarshan Sukhani

Go long in SBI, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would go long in SBI because it has come down to the Rs 2000 support. It could be a very choppy market but no matter what, SBI deserves buying rather than selling. This is a short-term trade of one-two days and that is what we should be doing today."
He further added, "Power Grid is telling us that it is entering a sustained uptrend which means it’s a buy but not necessarily today. It has seen a very big rally. It is a low beta and low volatility stock, so these rallies have to be tempered with some correction, some dips. No doubt that Power Grid is a buy on dips but not necessarily today."