Prefer Punjab National Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Punjab National Bank (PNB) is the sole bank in our list because I am generally upbeat on banks; that is for the last 8-10 days and specially on PSU banks. There is a plethora of opportunities today, so we have just focused on one bank. A lot of PSU banks are now breaking out on the dips, some of them have done that, some of them will do it hopefully. PNB showed us the signs on Friday and said maybe this week it will give us a decisive move upwards. It is already in an uptrend and that happens to Bank of Baroda (BoB), that happens to Canara Bank and UCO Bank.""The Bank Nifty itself is a buying opportunity. Keep a stop loss just under 17,000 and be long in it. This stop loss is only for short-term day traders otherwise I would not worry about the Bank Nifty for the next few days," he added.