Infosys may test Rs 2920: Anu Jain

Infosys may test Rs 2920, says Anu Jain, Senior Vice President, IIFL Private Wealth Management.

Jain told CNBC-TV18, "For now if SBI stays at these levels and another Rs 15 it is definitely giving a breakout for about 4-5%. Bottom formation I would say closer to that but I would like it to trade at these levels before I get the confidence. The private banks are giving far more confidence. So if you look at an Axis Bank, ICICI Bank, Yes Bank even Kotak Mahindra Bank, which looks very good, I would have a little more confidence but bottom formation happening in SBI, cannot say its happened.