Dena Bank may test Rs 42-43, Vijaya Bank Rs 90: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "The smaller banks are showing more traction on the upside. Particularly stock like Dena Bank for example, I would want to see the stock close above its 200-day average which is at about Rs 37. Then we will see a rally till about Rs 42-43 which may not be big but in terms of percentage move it's 15 percent."

"Similarly a stock like Vijaya Bank, that has been outperforming, it has had a correction, given a good pullback. Again moving past Rs 83 which is just above the day’s high, I would want to see that happen. Once that happens I would look for target of around Rs 90 which is about 10 percent upside," he added.