Bank of India has resistance at Rs 257-262: Bose

Bank of India has resistance at Rs 257-262: Bose
Technical Analyst, Rajat K Bose is of the view that Bank of India has resistance at Rs 257-262.

Bose told CNBC-TV18, "Bank of India and State Bank of India have shown good movements in the recent past but they have already come very close to about resistance level. Bank of India has resistance between Rs 257-262, so unless these levels are crossed for Bank of India and SBI sustains above Rs 1,250, I think there could be some profit booking. At lower levels maybe around Rs 246 for Bank of India and Rs 1,190 to about Rs 1,210 for SBI, more buying may again emerge."