SBI may come down to Rs 2080-2070: Aditya Agarwal

SBI may come down to Rs 2080-2070, says Aditya Agarwal, Sr. Derivative Analyst, Way2Wealth.

Agarwal told CNBC-TV18, "SBI has broken support of Rs 2150. So we can see a profit booking in this stock which can drag the stock towards Rs 2080-2070 levels. But overall we are not expecting any major correction if it comes to Rs 2070."
He further added, "Long positions can be initiated with a target of Rs 2150-2200 levels. Overall stock is good; we have seen a lot of accumulation in this stock. So a profit booking can be there but there is no cause to worry if the stock comes to Rs 2070, it will be a good time where one can make long positions."