Wednesday 19 November 2008

SBI may slip to Rs 900: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that SBI was giving the impression that it is going to outperform and now again it is coming down to support and is giving the impression that it is reaching Rs 900 very soon.

Sukhani told CNBC-TV18, "SBI was giving the impression that it is going to outperform and now again it is coming down to support and giving the impression that it is reaching Rs 900 very soon. The Bank Nifty, which is the broad index tracking all bank stocks has virtually given up after showing signs of light, showing signs of outperformance the impression now on the Bank Nifty is that it is going to break those October lows much before the Nifty."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

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