Prefer Andhra Bank, Canara Bank: Sukhani

Prefer Andhra Bank and Canara Bank, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would bet on the Bank Nifty. I assume yesterday was one of those random occurrences since everything was little subdued, yesterday the Bank Nifty also went down. I wouldn’t push more stores to it. My view is that the Bank Nifty is likely to perform with the Nifty and the chances are that it will outperform in the next 15 days."
He further added, "This view is not for today, it’s for the next two or three weeks. I would expect the Bank Nifty to do much better. That means that public sector undertaking (PSU) banks which were beaten down should now be picked up for buying. Broadly most PSU banks are now ripe for buying. We were looking at Andhra Bank and also Canara Bank."
"We like Dish TV and it has come in our buy list repeatedly. It has done well in all fairness and it keeps on moving up. It is now on the verge of another breakout. Given the fact that market is fairly conducive to selected exalted midcaps will see much higher levels. At this point of breakout we want to enter the trade today and see how it goes. One must remember that Monday is a holiday, so there is a certain amount of risk in carrying any trade and traders must remember that."
Disclosure: I have no personal holding in the above stocks.