Krish Subramanyam positive on BoB, SBI: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "We are seeing weakness in the private banks. ICICI Bank and Axis Bank are the weakest counters and the PSU banks have somewhat held on. The likes of State Bank of India has been holding on and promises to give some positivity to the market. However I will wait for the results; Axis Bank and ICICI Bank results are just around the corner, in next three or four days."

"Overall Bank Nifty has been a relative outperformer than the Nifty in last couple of days. So, that is a heartening sign. So, 18,000-18,100 are good support levels. So, I would be positively inclined on the Bank Nifty and some of the PSU banks like Bank of Baroda (BoB) and SBI," he added.

Disclosure: Analyst has recommended the strategies to his clients. Personally he has no positions.