Buy Union Bank of India, Allahabad Bank: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "While the Bank Nifty did correct nicely and bounced back from the lower end, Union Bank of India was consolidating and then we saw some kind of buy signals towards the end of the trading session yesterday. I would recommend a short-term trade over here with a stoploss at Rs 128.50 for targets close to about Rs 140."He further added, "Allahabad Bank is holding on to its pivot levels of Rs 75.50-75. It needs to get pass Rs 78.50 to confirm some kind of a breakout. So I would want to see the stock do that and then buy with a stoploss just below Rs 76.70 and look at the target of around Rs 83 on the upside."