Exit SBI at around Rs 255: Nooresh Merani

Nooresh Merani of Analyse India told CNBC-TV18, "Technically, if we look at State Bank of India (SBI) the stock has been finding a lot of support around Rs 230-240 zones. At the same time we have not seen much of a bounce beyond Rs 255-260 levels. So I would suggest keep a stoploss around Rs 232 and look to exit around rise to Rs 254-255 levels."State Bank of India closed at Rs 240.25, up Rs 0.40, or 0.17 percent on the BSE.