SBI, HDFC Bank, ICICI Bank best bets: Sukhani

SBI, HDFC Bank and ICICI Bank are the best bets, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “Jaiprakash Associates, we had set a target of about Rs 100, much lower when it was Rs 80-81. It is almost there. So now for people who hold positions there are the potential of more gains, but at Rs 95 I do not know if a trader can actually buy. The targets are just in front of us. Perhaps the stocks will consolidate. Perhaps it could go up and it may not.”
He further added, “The risk-reward is no longer in favor of a short-term trader. For actually people who still hold them I think there is more upside.”
“The Bank Nifty itself becomes a buying opportunity as we just entered the last half an hour of trading. The Nifty is clearly above the 5700 level. I had explained earlier that we do not need a level on the Bank Nifty. If the Nifty is trading above 5700 we can buy the Nifty as well as the Bank Nifty and we should, at least the aggressive traders should. The CNX-IT can be left alone. Which are the best stocks in the Bank Nifty to go along with? It is State Bank of India, HDFC Bank and ICICI Bank.”