Short SBI, advises Manoj Murlidharan Vayalar

Nov 06, 2013, 02.28 PM IST

Manoj Murlidharan Vayalar of IIFL is of the view that one may short State Bank of India (SBI) close to Rs 1885-1890 with a stoploss of Rs 1942.

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Manoj Murlidharan Vayalar of IIFL is of the view that one may short State Bank of India (SBI) close to Rs 1885-1890 with a stoploss of Rs 1942.

Like this story, share it with millions of investors on M3

Short SBI, advises Manoj Murlidharan Vayalar

Manoj Murlidharan Vayalar of IIFL is of the view that one may short State Bank of India (SBI) close to Rs 1885-1890 with a stoploss of Rs 1942.

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Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "The net flow of money weightage in PSUs is almost one third and the private banks is two third in the Bank Nifty. The net money in terms of cash delivery is actually the ratio has been more into the PSU part but we feel there are some PSUs where the ratio of the derivative surge is not proportional to what the equity has happened."

" State Bank of India (SBI) will be a short somewhere close to Rs 1885-1890 with a stoploss of Rs 1942 and Rs 1780 is what we are expecting. We feel ICICI Bank will be a sell as well and we will be negative on YES Bank also," he said.

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