Bank of India can go to Rs 310: Anu Jain

Anu Jain, Director-Equities of IIFL Private Wealth Management told CNBC-TV18, "Banking is a consensus call right now so back to the PSU banks whether it is a Union Bank of India which looks good at about Rs 222, can move up - this is the caveat that these are all about two week calls - to about Rs 234, so about 6-7 percent move there."

She further added, "Bank of India (BOI) which is at Rs 291 which basically can go up to Rs 310. Have to take into view that if the Nifty does break the levels of another 40-50 points, there would have to be a stoploss according to that. I wouldn't put a stoploss on the Bank Nifty levels because the PSU banks are pretty much more volatile than the Bank Index. So I would place it with a Nifty breaking it 8, 140. So accordingly, I would basically keep a stoploss and the positive bias is not just on BOI and Union Bank, these are just two names which are striking on the charts a little better."