Buy Lakshmi Vilas Bank on correction: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can buy Lakshmi Vilas Bank on correction.

Sukhani told CNBC-TV18, “IndusInd Bank is now entering a bubble stage. Traders must trade on it on the long side. Investors and position traders must understand this is not a time to buy. If you own it you want to wait and get good money out of it. Eventually you are looking for exits rather than entries. Short-term traders and day traders must ride this bubble. We do not know how long it will go. But I would not advise any kind of serious buying now in IndusInd Bank. Lakshmi Vilas Bank also is not a buy opportunity unless it corrects. If Lakshmi Vilas corrects then it is worth entering, but for IndusInd the correction needs to be much deeper once it comes."