ICICI Bank seems to be a smart pick: Mohindar

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about ICICI Bank See messages about ICICI Bank ICICI Bank BSE | NSE 13/02/12 Are Mutual Funds betting on ICICI Bank?

Rahul Mohindar of Viratechindia is of the view that ICICI Bank  and HDFC Bank seem to be smart picks at these levels. 

Mohindar told CNBC-TV18, "Autos is in the finest form. I think banking is not certainly far behind, its just that a lot of traders have actually bought into the stocks but if you are looking at this market from not just a trading perspective, maybe banking is a safer heaven."

He further added, "If you look at ICICI Bank or HDFC Bank, these seem to be a smart pick at these levels or even for that matter a frontline heavyweight like SBI , medium term perspective look fairly steady on these so look at this sector for a medium term scale a three month plus timeframe and one should be doing well."