Buy SBI at Rs 1800: Regan Homavazir

Regan Homavazir, Associate VP-Technical Research of Darashaw told CNBC-TV18, "We are buying banks only that are making new highs. So whether it is HDFC Bank, HDFC, ICICI Bank or Yes Bank which are really not making a new high but they are actually on the way up. So these are the stocks that we are very comfortable with holding into a portfolio. So if one are into those sort of banks one would not really see any downside on the portfolio itself as far as the bank exposure is concerned."

"When one looks at the public sector undertaking (PSU) space it tells that an entirely different story because the PSU space has bleeded quite a bit but we are now getting comfortable with State Bank of India (SBI). SBI at Rs 1800 looks like it is a buy," he said. Also Read: Bank-borrowings from RBI repo window hit 9-month low