Vishal Kshatriya of Edelweiss Financial Services told CNBC-TV18, "If one sees State Bank of India (SBI) on a weekly chart, we have seen a good amount of a bounce back coming from the stock from its very important support of Rs 1,450. I am expecting more bounce coming up in this particular stock. I am recommending to play this stock with options and not with futures."
"I am recommending buy on 1,600 strike March Call, which is currently trading at Rs 22-23. So traders can go long at this particular call. The target price is Rs 50 and the stoploss for this particular call would be below Rs 10," he added.
Disclosure: Analyst has no personal holdings in the stock.
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