SBI Will Soon Gain Rs 60-70 - Bhambwani

Technical AnalystState Bank of India, Vijay Bhambwani is of the view that one
should hold State Bank of India (SBI) stock as it can add another Rs 60-70
within the coming days.

SBI has been a great mover and shaker. It is good for
another Rs 60-70 before some quantity of profit taking can enter.

“As far as ICICI Bank is concerned, I think it is waiting to
cross over Rs 1000 level. That’s when most of the guys sitting on the fence
would come in and join the buying momentum on this counter. But, it is expected
to firm as long as it remains above Rs 915-920,” Mr. Bhambwani added.

State Bank of India (SBI) is the India's leading commercial bank.
SBI has a large domestic network of more than 9000 branches and commands
one-fifth of deposits and loans of all scheduled commercial banks in India.

Its group includes a network of eight banking subsidiaries
and numerous non-banking subsidiaries providing credit cards, merchant banking
services, primary dealership in government securities, fund management,
factoring services and insurance.




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