More upside seen in PNB, BOB, Canara Bank, SBI: Sukhani

More upside is seen in PNB, BOB, Canara Bank and SBI, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “The Bank Nifty has done remarkably well and I thought it would underperform but markets have their own wisdom. It has crossed 12800 which was a threshold for it and decisively and now I would assume that it is going to make lifetime new highs very soon.”
He further added, “I won`t put a target on that, I would just say that momentum is very strong for the index and traders should remain positioned on the long side just as I wouldn’t put a target on the Nifty at least not now.
My favourite still remains the PSU banks. Even the good private sector banks are doing well today but the higher returns would come on PSU a bank, that’s a theme I have expounded for four weeks now. That remains valid. At current prices the chart pattern suggests much more upside is there. So focus on Punjab National Bank, Bank of Baroda, Canara Bank and State Bank of India. That’s enough for trader to make good money.”