Nooresh Merani, Head, Technical Research of AMSEC, Analyse India told CNBC-TV18, "Technically we are looking towards some momentum coming into Union Bank of India once it starts trading above Rs 125 levels. Once that has taken off, we could be looking towards Rs 135 to Rs 140 and given the fact that the view is of one-two months, the investor should book profits at Rs 135-140 zone."
At 14:58 hrs Union Bank of India was quoting at Rs 122.15, up Rs 2, or 1.66 percent.
The share touched its 52-week high Rs 288 and 52-week low Rs 97.10 on 02 January, 2013 and 29 August, 2013, respectively.
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