Rahul Mohindar, Director, viratechindia.com is bullish on banking.
Mohindar told CNBC-TV18, "If you look at sectors I have been particularly bullish about banking. I still maintain a positive stand. The bank Nifty looks pretty good. Probably set for a 7-8% up move itself. So while banks may be having the next 1-2% at these levels on the downside may be but broadly speaking if I am looking at March, fairly comfortable on the Bank Nifty."
He further added, "If we look at stock specifics I would think even a stock like Reliance might just give us a bit of an up move from here, so that's a strong heavy weight. I am not particularly bullish on FMCG stock that is what could be a bit soft. I am not bullish on lot of the technology barring TCS. So heavy weights like Infosys , HUL , ONGC , these could really drag a bit and probably would give the negative balance to the index."
