Nitin Jain, Edelweiss Securities advises traders to add Yes Bank and IndusInd Bank in their portfolio.
Jain told CNBC-TV18, "We have been advising couple of banks for a very long time now, IndusInd Bank and Yes Bank . Both stocks have rallied quite a lot now. So I would be cautious at these levels, but any dip which I do expect pre-Budget might happen should be used as an opportunity to add to the existing positions, Yes Bank and IndusInd Bank."
On Feb 14, Yes Bank closed at Rs 501.65, down Rs 11.60, or 2.26%. It has touched an intraday high of Rs 513.55 and an intraday low of Rs 497.65.
Disclosure: Some of these stocks that we are advising can be held in our client portfolios or by management themselves.