Buy Andhra Bank, says Sudarshan Sukhani

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Buy Andhra Bank, says Sudarshan Sukhani

Buy Andhra Bank, says Technical Analyst, Sudarshan Sukhani.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Andhra Bank See messages about Andhra Bank Andhra Bank BSE | NSE 10/02/12 Are Mutual Funds betting on Andhra Bank?

Buy Andhra Bank , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Andhra Bank and the rest of the banks have been going through a process of consolidation, small dips for the last two days and in that short-term cycle now they have all reached a turf, so the next move has been on the upside. So it's not just Andhra Bank, its most of the public sector undertaking (PSU) banks are buying opportunities for day traders, for two-three day swing traders. So, buy Andhra Bank, keep a tight stoploss of Rs 115 and a day trading target of Rs 121. It's not just the Andhra Bank that I am talking about; I think the entire banking PSU space is giving some short-term buying opportunities."