Buy Vijaya Bank, Yes Bank: Sukhani

Published on Fri, Dec 02, 2011 at 11:24 |  Source : CNBC-TV18

Updated at Fri, Dec 02, 2011 at 11:49  

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Sudarshan Sukhani, s2analytics.com

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Buy Vijaya Bank and Yes Bank , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Vijaya Bank has a very decent chart in any case. It's been an outperformer among the PSU banks and I suspect that even today, even in a choppy environment it should do far better than the other banks and probably better than the Nifty. So I would suggest Vijaya Bank as a buying opportunity and keep a tight stop wherever it opens and then move for an Rs 2 rally."

He further added, "Banks are probably a better place to take advantage of any rally or any upside that comes about today. Yes Bank is also in the category of a buy. Remember we are only talking about short-term buying opportunities. This is not a long-term trade, not even a positional trade. But for today, for the next day perhaps banks will be important too."

"Yes Bank after a deep correction has rallied. It's remaining quiet stable yesterday in a small trading range. At that point banks should be used to buy because I think at least one or two of these banks will move out of the range and breakout today."

  

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