Sukhani told CNBC-TV18, " SBI , ICICI Bank and Axis Bank are the favourites. If the entire sector is moving up somebody could just go lucky by closing your eyes and picking up any bank at random. I would recommend strongly that stay with quality, this phase of the market will reward people who stay with the best names."
He further added, " Allahabad Bank has been a distinct outperformer and made new highs. It has even outperformed the bank index. At Rs 112 it was at its lows, it is now at Rs 190. Should I recommend somebody to buy it at Rs 190 it could go to Rs 210 or it could begin a correction from here itself which is why it is far better to stay with the big names. If you want to look at Allahabad Bank then you must be a positional trader and should be prepared to accept any temporary setback as part of the trading process."
"Hero Motocorp and Bajaj Auto are buying opportunities. In fact they were so yesterday and luckily they moved up but that opportunity still remains. Assuming that the markets remain cheerful towards the end of the day they start picking up momentum. The traders should look not only at the Nifty, they should also consider as a surrogate to the Nifty. The Bank Nifty, Hero Motocorp and Infosys are stocks that could outperform the Nifty also."
