Buy Allahabad Bank around Rs 202: Sundar Raja

Buy Allahabad Bank around Rs 202, says Sundar Raja, Technical Analyst.

Raja told CNBC-TV18, "Allahabad Bank is looking quite bullish. After an earlier breakout about Rs 200 last week it is seen in a minor consolidation, it is seen in firmness in the last few days at the major support of Rs 202 which means the support has been taken. So in a minor possible opening weakness Allahabad Bank can be bought at around Rs 202 with a trailing stop loss starting from Rs 199 with a possible target to Rs 207."