Short SBI, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.
Kshatriya told CNBC-TV18, "I have short call on SBI. It has generated rising trend and breakdown placed on its hourly chart along with good volumes. Besides this yesterday stock has generated breach and close below its 20DMA indicating negative momentum in the counter. Short term oscillators on intraday chart continue to trade with a negative bias. Traders can go short at CMP for a target of Rs 1920 and 1900 with a stoploss above Rs 2010.
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