Bullish on Canara Bank, BOI, OBC: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "I do not see Bank Nifty slipping below 10,950-11,000 in a hurry because there are a lot of Put writing which has happened in this series as well as in January series going forward, so that will act as a very strong support. Now we are missing the rollovers in the largecap private banks. So the likes of HDFC Bank and the ICICI Bank of the world are getting hurt."

He further added, "If you see the midcap public sector undertaking (PSU) banks specifically Canara Bank, Bank of India (BoI) and Oriental Bank of Commerce (OBC), have already seen a very good rollover. I don’t see them underperforming at all."

"Any dip, these three should be first to be bought and I see Canara bank going up as high as another 10-12 percent from the current levels and Bank of India to Rs 246. So I think these three banks I will be specifically bullish going forward in January series," Thukral said.