Avoid banking space, says Sukhani

According to Sudarshan Sukhani of s2analytics.com, banking space should be avoided now. "The sector has already seen a sharp run up prior to the RBI meet," Sukhani reasoned.
 
Sukhani told CNBC-TV18, "Real estate stocks are not my favourites anyway. I think real estate was not expected to do well. I had explained earlier and I am repeating it now, bank is something you want to avoid. That entire rate sensitive sector is not something where we want to go long in. There was a sharp run up prior to the RBI meet. This is a warning signal that nothing more is going to come in this sector beyond the meet."