Technical Analyst - Prakash Gaba
Prakash Gaba, Technical Analyst at prakashgaba.com told CNBC-TV18, " State Bank of India (SBI) has given a breakout around Rs 200 zone and subsequently we have seen some kind of a second breakout as well and a strong support in the vicinity of somewhere closer to Rs 215."
"I would say continue holding it and have a stoploss below Rs 205 and trade long. It can go to Rs 240, may find some headwinds but as it keeps going higher one needs to move the stoploss higher," he added.
State Bank of India ended at Rs 226.45, up Rs 1.85, or 0.82 percent on the BSE.