Exit Tata Steel on rally, like IndusInd Bank: Rakesh Bansal

Rakesh Bansal of RK Global told CNBC-TV18, "We have seen a good rally in the metal space in the last one month but that is technically more of a pullback rally and on the upside strong resistance is there. I am of the opinion that one should clearly use rallies to exit counters like Tata Steel. I would suggest exiting the stock on any rally and buy rate sensitives like private sector banks.""Among the private sector banks, I like IndusInd Bank. The stock has a good base at around Rs 930-935 zone and is on edge of making new lifetime high. I feel if one switches from Tata Steel to IndusInd Bank then one can easily recover the loss. In fact if one holds the position for next three to four months, one can even make profit," he said.