Vishal Malkan, CMT at www.malkansview.com told CNBC-TV18, "Technically State Bank of India (SBI) is a weak stock, but at the same time it is at important support of Rs 1,450-1,400. So I do not think there is much downside left, but for a faster return I would still recommend to go for a stronger bank like HDFC Bank rather than SBI.”
“SBI may see some bounce back if the market corrects up to around Rs 1,700 levels, but HDFC can be bought for a longer period of time which is strong over all other banks,” he added.
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