Prefer ICICI Bank, SBI, PNB: Tushar Mahajan

Tushar Mahajan - head of listed futures & options for India at Nomura Financial Advisory told CNBC-TV18, "The one to play from a trading point of view is clearly ICICI Bank. The stock is very well basing out. It is probably going to start moving sharply ahead. ICICI Bank on the private sector bank is the one to play."

"On the public sector side we like State Bank of India (SBI) and Punjab National Bank (PNB) at the current levels. SBI though has the overhang of the equity issuance which could come through at any point in time but SBI and PNB are the ones to play on the long side," he said.