Buying opportunity seen in Union Bank of India , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Union Bank of India did react and then it bounced back intraday from the lows that it made. So that bounce back tells me that perhaps the reaction was only a short term knee-jerk movement rather than a sustained view. So if that is so which is what I thing it is then Union Bank is actually a buying opportunity at current levels. We can look at a target of Rs 225 or even more. It would be interesting to buy it also because it is quite possible that there are shorts caught in it."
He further added, " Tata Motors , even without the support of the market was going up. So I think there is still headroom left for this stock, maybe Rs 235-240 could be an immediate target."
