Nischal Maheshwari cautious on banking space

Nischal Maheshwari of Edelweiss Securities told CNBC-TV18, "In banking one should be trading only the private sector banks and I like Axis Bank, ICICI Bank. Some of the banks like IndusInd Bank and YES Bank can also be bought at the dips in the market but overall I still maintain a cautionary position because the outlook on the sector still remains to be cautious."

On February 21, 2014 YES Bank ended at Rs 305.90, up Rs 4.15, or 1.38 percent.

The share touched its 52-week high Rs 547.15 and 52-week low Rs 216.10 on 20 May, 2013 and 28 August, 2013, respectively.