Enter PNB at lower levels: Rakesh Gandhi

Enter PNB at lower levels, says Rakesh Gandhi, Senior Tech Analyst, LKP.

  Gandhi told CNBC-TV18, "PNB has broken today an important level of Rs 1100, it was an important support level for PNB and today it has broken that level. So it could go further down and it could find support maybe at around Rs 1050."

 

He further added, "Having said that I would believe that 5,400 and 18,000 as I said and around that 1% here and there, long-term investment could be made and one should enter at that point of time. So if PNB comes at Rs 1050 or lower level at that point of time one can enter for a medium-term perspective maybe upto 3 to 4 months down the line."