Hold PNB with stoploss below Rs 557: Bose

Technical Analyst, Rajat K Bose is of the view that one can hold Punjab National Bank with stoploss below Rs 557.

Bose told CNBC-TV18, "PNB and Bank of India have actually started moving up. Punjab National Bank yesterday made a very good move and today also, the bank stocks are doing well, especially if you look at Bank of India, I think if it were to cross Rs 357, which is today’s high at the NSE, then chances are that we might see it going up to something like Rs 367-371. Unless and until you see it now falling below Rs 347, this momentum would be retained. Punjab National Bank may well carry forward yesterday’s strength. It is already 5.5% up today. one can hold on with a stop below Rs 557."