Monday, 17 November 2008

SBI a good bet says Mohindar

Rahul Mohindar of Viratechindia is of the view that State Bank of India, SBI looks good bet and one can expect 5-7% upside.

Mohindar told CNBC-TV18, "We can look for longs in the banking space, my guess is SBI is a fairly good bet where we are probably looking at an upside of 7% to 8% in the very short term, so the lows that it has made today would probably be a good stoploss and breaking that would look at probably cutting my trades, on a rally up. If one is looking for something to go short on, I still think thechnology is a weaker space which he/she could look at shorting and real estate is another weak sector which one may consider moving out of like DLF or Unitech etc."

Source: Moneycontrol

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