Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "If I were a swing trader, I would be looking to buy HDFC and completely avoid HDFC Bank. The Bank Nifty itself is not very conducive but non-banking financial companies and that includes HDFC have a much superior chart. So, focus on HDFC and it is an opportunity to go long while this short-term trend last."
"ICICI Bank was suggested as a buy yesterday and it did rally, but today I think they are also avoids. The Nifty Bank is likely to be a laggard at least for some time," he said.