Buy PSU banking stocks, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have spoken about public sector undertaking (PSU) banks so often in the last 10 days and generally the idea was the Bank Nifty is a buy. PSU Banks within Bank Nifty are buying opportunities. Many PSU banks are creating larger timeframe patterns, which means they are not just day trades on the buy side like Punjab National Bank (PNB), Bank of Baroda (BoB), Andhra Bank and UCO Bank.""I don’t know why they are giving this sense that the PSU banks could outperform even if the Nifty stays flat but I would be a buyer in all of these stocks," he added.