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Last Updated : Sep 07, 2015 01:24 PM IST | Source: CNBC-TV18

Buy SBI if Bank Nifty holds lows in 1st hour: Sukhani

A position trader still remain short because risky of Nifty falling below 7500 won't be surprising. However, a relief rally is highly likely as well.

A position trader should still remain short because risk of Nifty falling below 7000 cannot be ruled out in this volatile market, says Sudarshan Sukhani of However, a relief rally is highly likely as well.

The bank Nifty will mirror the  Nifty with the possibility of offering a rally. If Bank Nifty holds the lows for the first hour, State Bank of India becomes a buying opportunity with a target of 235.

Sukhani's buy calls also include Godrej Industries and IndiaBulls Housing.

His sell calls include Srei Infra, BEL and REC

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First Published on Sep 7, 2015 08:43 am
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