Sukhani's view on SBI

Sudarshan Sukhani of s2analytics.com shares his on view on SBI.

Sukhani told CNBC-TV18, "I would still be a buyer in SBI. They have all rallied 400-500 points. SBI has gone up from Rs 1,800-2,200. So this is now a violent correction, but I assume it’s still a correction. Markets must crack significant support zones for us to go short. That may well happen, but currently SBI is a buy. Not today, but we have to wait and see. Once it bottoms out we need to go long in it."
He further added, "S Kumars was not one of the better stocks to own. So if it’s done with, I think we can simply leave it aside. In choppy, volatile markets we must always stay with the blue chips or with a sector that’s beginning to look up like infrastructure."