PNB can test Rs 910-915: Devangshu Dutta

Published on Tue, Jan 31, 2012 at 14:38 |  Source : CNBC-TV18

Updated at Tue, Jan 31, 2012 at 14:48  

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Devangshu Dutta, Consulting Editor, Outlook

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PNB can test Rs 910-915, says Devangshu Dutta, Consulting Editor, Outlook.

Dutta told CNBC-TV18, "Punjab National Bank (PNB) has a downside of about another 10 to 15 bucks maybe Rs 910-915. The Bank Nifty in general looks pretty solid today. I would keep a stoploss at about 9700 if you are going long on the Bank Nifty."

He further added, " IDBI Bank looks fairly decent. Since the bank sector is doing well Yes Bank tends to outperform the sector as a whole. So, maybe you could take a punt on Yes Bank."

"In terms of other banks, maybe IndusInd saw a sharp recovery, so that might be worth looking at, but yes at the moment ICICI 's result seem to have brought optimism back to the sector."

  

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