Buy Axis Bank, ICICI Bank, sell OBC: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Axis Bank, ICICI Bank sell OBC.

Sukhani told CNBC-TV18, "I would be a buyer; the only problem is that with every banking stock there is an event but if I were to ignore that, Axis Banks charts are very attractive. They are suggesting that a base building exercise is on and it’s on the verge of a breakout on the upside. Axis Bank and ICICI Bank are both are likely to be an out performers and doing far better than the Nifty." He further added, "I would sell Oriental Bank of Commerce (OBC), there is nothing to it. Yesterday star came on the back of a significant decline. OBC is where it was 10-15 years ago. I wouldn’t touch it at all. It continues to be a short sell, not necessarily today but whenever there is a rally and we get a sense that the rally is fizzling out maybe today or tomorrow, it needs to be sold into."