Karnataka Bank may test Rs 150-160: Kunal Bothra

Kunal Bothra of LKP told CNBC-TV18, "With the kind of momentum we saw in the midcap banks especially mix of both private sector and the PSU banks yesterday, most of these banking stocks are posing some strong returns after three-four months of consolidation. So it is a good comeback from the banking stocks. When they generally pick up trend they last for many months and this is a good sign for any short-term trader or short-term investor to start buying the midcap names because the potential at least in terms of technicals looks to be very attractive."

"Karnataka Bank is where I feel the momentum is picking up. From a short-term perspective Rs 150-160 is a target and stoploss could be placed at Rs 131," he added.