Buy ICICI Bank, Axis Bank: Sukhani

Sukhani told CNBC-TV18, “The signals for long positions are coming in pharma and IT stocks, which are already at a higher elevated levels.”

He further added, “But for today high-risk signals are available from the private sector banks. I say high-risk because yesterday they had all fallen down to support levels and the assumption was that they can break below support. They have held on luckily because of the gaps today. So, ICICI Bank and Axis Bank are buying opportunities. Keep stops about 30-35 points below your entry price and if this is a genuine uptrend both the banks would do very well.”