Buy ICICI Bank on every dip: Thukral

Thukral told CNBC-TV18, "Right from the first day of this contract, we have been recommending the private banks just because on the basis of rollovers and I still continue to feel that private banks have an edge in this market, they will be the one if Nifty has to surprise even above 5,350. So I will bet for ICICI Bank to move forward."

He further added, " Kotak Mahindra Bank should catch up in this rally going forward from hereon because yesterday was the first day after seven days that the cost of Kotak Bank change to positive. So a lot of short covering has happened, delivery based buying has taken place. So I think Kotak Bank can move further from these levels to atleast Rs 568-570 levels."

"I will continue to bet on ICICI Bank. Every dip I think one should buy with the target of atleast Rs 985 to Rs 1,000 on the higher side whereas if somebody wants to play for a one private bank, I think Kotak Bank is the right choice now because there is a lot of gap now in between the performance of Kotak, ICICI, Axis and HDFC. So some catch up rally can be seen there."