SBI at 2872 looks inviting; but I will be cautious to pick up a great deal at this price. I would be more comfortable buying it near 2700, another 170 Rs below. The best strategy would be to pick up in small quantities with plans to add more if the price comes down around 150-200 rupees. Chances of SBI climbing past 3300 in the next 3-4 months are quite high.
The same is true for ICICI bank close to 1100 and for INDUSIND bank, which is close to 280. Buy at CMP in minute quantities and add, if it dips further and these dips will be short lived and shallow.
On Mon, Nov 29, 2010 at 10:36 AM, hariharan s wrote:
| Can fresh investments be considered for SBI given that it has undergone 17% correction? Kindly let us know. |
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