Osho Krishan of Anand Rathi is bullish on these two insurance players

BUY SBI LIFE | TARGET: Rs 1,200 | STOP LOSS: Rs 1,085

SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally. On the daily time frame, the stock has managed to settle above the mean of the Bollinger band (20, 2), suggesting inherent strength in the counter. Also on the oscillator front, 14-period RSI has seen some resurgence in the last few trading sessions affirming the overall strength in the counter.

BUY ICICI PRU LIFE | TARGET: 740 |