Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The Bank Nifty has gained a bit today. Most PSU banks, Bank of Baroda, Bank of India and Canara Bank have inched upward. On Monday, many of them made new lows, so the gains today are not enough to justify saying that the Bank Nifty deserves a long position."
"The only bank we have talked about it yesterday also giving a very impressive bullish pattern is HDFC Bank. I would go with that one. The second bank that is looking interesting and perhaps promising better returns on the long side is DCB. For the rest, I think we should just stay away," Sukhani said.Discover 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!
