Buy Dena Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dena Bank.

Sukhani told CNBC-TV18, "Dena Bank is an excellent buying opportunity. A lot of volatility is expected today, tomorrow but allowing for that volatility I would be a buyer in Dena Bank. Friday’s decline could be treated as a dip, so any sign of strength its one of the better banks."
He further added, "Ideally you don’t trade Indraprastha Gas because you want it to start building a base, now that base could be at Rs 220 but we don’t know it could be at Rs 180. So the trend for IGL as we all understand is down but that’s all I can say for it. I don’t think I want to short it at Rs 225 because we don’t know it could stay in a 50-40 point range for months while it decides this is the lowest I will go."