Chandan Taparia of Anand Rathi told CNBC-TV18, "We are positive on the banking index and the Bank Nifty. We suggested State Bank of India (SBI) near to Rs 300 for the immediate target of Rs 308 and Rs 325. Now we are expecting that this stock can go to Rs 333. We have seen huge delivery volume and fresh open interest activity which can take this stock to higher levels."
"Traders can trade in 320-330 strike call. We have a positive view, keep the stoploss of Rs 310 and play for the upside target of Rs 333," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
