Prefer Union Bank, Canara Bank: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Seeing the Friday data, I feel it was very difficult to pick which public sector undertaking (PSU) bank to buy because all of them in a line and have seen open interest (OI) increase. Canara Bank, Bank of Baroda (BoB) and Punjab National Bank (PNB) also saw 11 percent OI increase except for State Bank of India (SBI) which saw short covering happening.""All PSU banks saw a lot of OI adding up, so I was most interested in Union Bank of India and Canara Bank just because the future to cash, the increase in premium was higher in them. I will still recommend Union Bank and Canara Bank, if they open flattish to half percent up then also they qualify as a good trading bets because I see all PSU banks moving at least 4-6 percent up from the Friday closing," he said.