Sudarshan Sukhani, s2analytics.com is of the view that one can buy DCB .
Sukhani told CNBC-TV18, "The banks themselves are outperforming. The Bank Nifty is doing wonderful things. It opens in the morning and closes 200 points higher in the afternoon, I don't know how. It's a trade that you can do with closed eyes. I don't know about today, but everyday in the morning we buy Bank Nifty, in the afternoon we get out with 200 points in it. There is something going on in the Bank Nifty."
He further added, "DCB is one of the better stocks in terms of charts, I don't know about the quality. It went up and it declined which took the shape of a flag. A flag is normally made midpoint in an uptrend. Whether it's midpoint or not, we are certainly looking at something like Rs 47 or even Rs 50 for the stock. There is lot of upside and positive momentum in it. So for today it's a buying opportunity, because if anything moves it will be the banks."
