One can go long in Punjab National Bank (PNB), says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, " State Bank of India has come in up my list repeatedly and it has been a very decent performance. PNB is suggesting that a sideways range maybe slowly getting over. It may not do exactly what State Bank did but it could play catch up of some kind or the other. So PSU banks are now coming out of that big decline and PNB seems to be an appropriate stock to go long."
He further added, "I am long in Bajaj Auto . It has completed its correction, that knee-jerk reaction, big decline - all that is behind it. Now just as Hero Motocorp has some excellent chart patterns and you will see deep corrections - that's fair enough. Bajaj Auto has the same kind of chart patterns, a distinct outperformer. It is something that traders should focus on every time you find a correction, small dips, small signs of one or two day rallies; go for it. So, Bajaj Auto seems to be an appropriate candidate for going long today and for repeatedly maintaining swing trades in it."
