Go long in Karnataka Bank: Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "Karnataka Bank has had a great trajectory, it has broken out and I think there is a renewed momentum in the entire private sector banking space. The stock has broken out very decisively and is headed higher. I am looking for a target above Rs 156-160 in it. One should put a stoploss at Rs 146 and go long."

At 13:54 hrs Karnataka Bank was quoting at Rs 150.25, down Rs 1.15, or 0.76 percent. It has touched an intraday high of Rs 154.20 and an intraday low of Rs 147.90.