Take a long position in Bank of India, says Jatinder Sharma, Partner, Equity Strategists.
Sharma told CNBC-TV18, "Bank of India looks a little bit interesting because if you look at it over last 10-15 days it has not broken those levels of about Rs 430-435 and it has remained steady even in the carnage, which has been witnessed in the other banking stocks as SBI and ICICI Bank. So here risk-reward favours slightly, take a long position in Bank of India, maybe one can keep a stoploss of below Rs 435 and go long in Bank of India." He further added, "Most of the other banking stocks, maybe Oriental Bank of Commerce is looking a little bit, showing some signs of consolidating at current levels but other banking stocks are still not looking good." Disclosure: I donDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
