Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I think SBI is now coming out. At least it is giving the same signs as the Nifty is showing. If at all you want to do something with PSU banks or even private sector banks, go and buy them. Buying are the only trades available today. So, State Bank of India is giving us a nice chart. I think it is being accompanied by other PSU banks. So, I would be a buyer in State Bank of India."
"Canara Bank is giving us the same pattern. It is at it lows but now telling us perhaps that at least for the time being the worst is over. So, buying Canara Bank is probably as good as buying SBI," he said.
"Glenmark Pharma is an opportunity as it is just on the verge of making lifetime new highs. Large trading range which is breaking on the upside and that is very attractive."
"Jubilant Foodworks had a very big day yesterday, those gains are being maintained today. So, perhaps the market knows something that we don’t and we are buying in anticipation of the results," he added.
Disclosure: Analyst does not have positions in the stocks.
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