Remain invested in SBI, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Even if you are holding State Bank of India (SBI), I would suggest one thing that is SBI crossing Rs 315, it has been attempting, if I am not mistaken, since 2011. It has not been able to do that. At the same time, if SBI were to fall now below Rs 265 or so, in fact that would mean that there is likely to be another fall, at least from a technical point of view to Rs 235. So that is the stop loss that I would use if I were to hold SBI at current level."

"Very frankly, either the short-term movement or the long-term movement of SBI, if you are buying around Rs 150 to about Rs 200-210, then it is fine. But if you have bought recently then you have all the risks that you can think of. And only when Rs 315 is decisively cleared, you can expect SBI to move up. Arundhati Bhattacharya's suggesting notwithstanding, she said you will not get SBI at current level going forward," he added.