State Bank of India (SBI) has closed about its 15 day moving average in yesterday’s trade. One can look for a buy call the stock once it begins to trade above the Rs 2140 levels with a stop loss below Rs 2120 levels on a closing basis. We can expect a target of Rs 2175 and Rs 2200 in the coming days.
IDBI Bank has taken support near to 50 percent and yesterday witnessed good buying interest. The stock may move further up, the stock can test Rs 110 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 103.
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