Dena Bank may move to Rs 78-80: Akshata Deshmukh

Akshata Deshmukh, Chief Strategist-Trading at Networth Stock Broking told CNBC-TV18, "For Dena Bank Rs 51-52 is a very strong base which is unlikely to be taken away in the near term. Going ahead the upside potential is quite huge provided one is in a position to hold on to this stock."

"In the short-term trader could look at booking profits around Rs 67-68, there is quite a bit of resistance. PSU banks are slated to do well from January 2015 and probably even Dena Bank might be headed towards levels of Rs 78-80 to say the least," she said.