Sukhani told CNBC-TV18, "For today but for today I think that PSU banks rally is likely to continue even with some choppiness and Bank of India is a buy, Rs 304- 305 target is possible but the warning is that you must keep your stops at appropriate levels."
He further added, "Reliance Capital was a sell when it was Rs 400, it's now a buy for the short-term traders because its fallen so much that a relief rally is possible and yesterday's big gains tell us that in the next couple of days the stock could build on that momentum. So Reliance Capital is a buy and look at a target of Rs 265. This is a stock that was selling at Rs 2,900 three years ago. Keep a tight stop loss because this market can turn on a dime, it could immediately turn down and if we don't have the stops in place we could find ourselves in trouble. So when you are trading these financials, these midcaps keep your stops always."
