Expect 8-10% upmove in banking stocks: Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that one can expect 8-10% upmove in banking stocks.

Baliga told CNBC-TV18, "I would be buying across at least for trading gains especially in the capital goods space. The strong bounce back, which we have seen should continue for a while more. Even in the banking space since we have seen a decent move in the past two-three days this move can continue possibly for another 8-10%. So these are the two sectors where one can take trading calls. But in the medium-term we are bullish across sectors except realty."