SBI has support at Rs 2200-2250: Vishal Malkan

SBI has support at Rs 2200-2250, says Vishal Malkan, CMT, www.malkansview.com.

Malkan told CNBC-TV18, "I think Coal India is broadly in a sideways range of Rs 300-340. I would not like to get into this. Once it go above Rs 350 then only I would be interested in this stock."
He further added, "SBI had a large move yesterday. I think Rs 2200-2250 would be a good support and it should hold decisively." Disclosure: I am holding Ultratech Cement.