State Bank of Bikaner and Jaipur is a safer bet than SBI: Rajat Bose
"A much safer bet but less liquid bet would be State Bank of Bikaner and Jaipur. Maybe you can play SBI stock by proxy if you are buying into State Bank of Bikaner and Jaipur ."
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| Rajat Bose, rajatkbose.com in an interview with ET Now talks about SBI.
What is the call on SBI?
A much safer bet but less liquid bet would be State Bank of Bikaner and Jaipur. Maybe you can play SBI stock by proxy if you are buying into State Bank of Bikaner and Jaipur because while State Bank fell from 3000 to about 2100, this stock fell by only 50 points or even less.
Coming to State Bank stock in particular, this stock suggests that this can actually lead to fresh downswings since State Bank failed to cross 2350 and if within a very short period of time say next 2 to 3 trading sessions State Bank does not trade above 2350, there is a possibility that the low that was posted in May might be retested once again.
What is the call on SBI?
A much safer bet but less liquid bet would be State Bank of Bikaner and Jaipur. Maybe you can play SBI stock by proxy if you are buying into State Bank of Bikaner and Jaipur because while State Bank fell from 3000 to about 2100, this stock fell by only 50 points or even less.
Coming to State Bank stock in particular, this stock suggests that this can actually lead to fresh downswings since State Bank failed to cross 2350 and if within a very short period of time say next 2 to 3 trading sessions State Bank does not trade above 2350, there is a possibility that the low that was posted in May might be retested once again.
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