Add long positions in ING Vysya Bank , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "ING Vysya Bank has a much better chart, it's not rallied that's a good news because if banks are going to rally all of them will participate in that rally sooner or later. ING suggest that it's on the verge of a breakout that breakout comes somewhere around Rs 320, it's almost trading in that range, so in anticipation of results it is possible to take a long position in ING Vysya, the risks are much smaller and the rewards if it works out are considerable, so it's a good stock and it's a good idea."
He further added, "I have not been very keen on IndusInd Bank for the last few weeks. On it has rallied on the back of news, good for it, but I am not able to give a view on the charts, I am not upbeat yet, maybe I haven't been able to shift my focus."
