Mohindar`s view on banking space

Rahul Mohindar of Viratechindia feels that banking stocks may slip 10-12% from here.

Mohindar told CNBC-TV18, "In banking stocks some levels have broken down but again I do not think ass if something as severe as probably one would imagine but yes short term if you talk about the next 10-12% the odds are definitely on the downside with these levels breaking down. ICICI Bank broke a good support at Rs 1050 today and the stock might just correct to about Rs 980 and Rs 970 kind of levels.