Avoid PSU banking stocks: Kunal Saraogi

Kunal Saraogi, CEO of Equityrush told CNBC-TV18, "Among the mid caps lot of financial stocks have broken out. Most private bank stocks look particularly strong. One should avoid public sector undertakings (PSU) banks at the current levels but private banks look particularly interesting. Lesser followed names like Karur Vysya Bank, South Indian Bank look strong on the charts. One should focus on mid cap banking to go forward."

At 14:37 hrs Karur Vysya Bank was quoting at Rs 472.85, up Rs 3.00, or 0.64 percent.

Disclosure: Analyst could have positions in the above stock and recommended to his clients also.