Prakash Gaba of prakashgaba.com told CNBC-TV18, "The banking sector certainly is looking good to me. Bank of India is looking good, the way it is trading looks like it might take a day or two. It is climbing to the lower levels closer to the Rs 115, I would have a stoploss below Rs 111 on Bank of India, trade long.""Second stock that I like is again from the banking pack, which is a private bank. This time looks like the way ICICI Bank has come down is got exhausted on the downside, so upmove should starts. We could trade sideways but looks like it is heading up closer to the Rs 255-256 zones may again take a day or two for that stoploss below Rs 243 that is needed," he added. "Power Grid is more of a sideways move I would say but basic structure of Power Grid is positive. It has seen a good upmove, the pattern that we are seeing for five to seven trading session is weak, is more of sideways correction with some kind of a running correction going in. However, looks like I would say have a deep stoploss below Rs 175, trade long, hold long, maybe we could see levels closer to Rs 190-195 in the days to come," he said.
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