SBI share price today: Anand Rathi Securities' Assistant Vice President Jay Thakkar has recommended a long strangle strategy for the State Bank of India (SBI) shares. This expert said that the investors willing to invest in SBI shares should keep a 'call' at Rs 320 levels while the 'put' at Rs 300 levels.

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Thakkar said that he expects the stock to do something 'big'. The stock is expected to do well he said. He added that with this strategy the stock could give a 20-30% returns on investment.

The AVP's caveat being that the movement of the stock may be impacted by the results which are likely to be announced today after market hours.

He said that the only problem that he sees could be on the front of bank provisioning indicating that if the provisions in the results are moderate, the stock would have a good chance, going forward.

Thakkar said that if the provisioning is high in the third quarter earning results of the state-run bank, stocks would have some negative impact.

The technical analyst said that though his analysis is not based on the fundamentals of the company, he still expects an overall result to be good.

Another technical analyst Nilesh Jain also of Anand Rathi Securities had earlier told Zee Business that the investors who are willing to invest in SBI should take a long term view of the stock and should not expect any high returns in the near to medium term. Jain had said that most of the PSU banks' stocks were underperforming for quite some time. Jain said that he does not see a flurry of activity in the stock in the near term but definitely believes that going forward the stock would gain momentum and take a growth trajectory.

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SBI hare price today were trading around Rs 311 today around 12:40 pm on the Sensex and were up by 0.3% from the previous close on Thursday.