Buy Indian Bank: Sukhani

Sukhani told CNBC-TV18, "Indian Bank is one of the better charts now. A lot of banks have actually rallied a lot. Indian Bank was a relative under performer but that under performance is not going to be permanent. It is now willing to go up; it has made a very nice head and shoulder pattern on the bullish side and it is on the verge of a breakout. So Indian Bank is a buying opportunity.”

He further added, “It could happen that Indian Bank could outperform in a stable or even a choppy market. In case the market itself decides to go down then a lot of our buying ideas will not be good anymore but if the market remains choppy for a few more days then the buys will work."