Buy bank Nifty on dips: Jitendra Mehta

Buy bank Nifty on dips, says Jitendra Mehta, AVP Institutional Equity, Edelweiss.

Mehta told CNBC-TV18, "Bank Nifty definitely would be a buy on dip. There was kind of inverted head and shoulder formation of which we saw breakout at around 11300 levels. Bank Nifty continues to look attractive. From here also we can see levels till 12000, so may be a good dip here would be a decent entry point." Disclosure: We would have recommended most of the stocks to out clients, so would have direct to indirect holdings in some of them.