Banking Nifty likely at 10600-11000: Ashwani Gujral

What are your thoughts on banking stocks?

Ashwani Gujral: Banking stocks is one reason why you are stuck in the mud and because banking is unable to show traction, that is the reason Nifty is failing at 5600. Even it looks dicey whether banking can lead a rally because there is only a very small part of banking which is doing well, which is the large private sector banks, mainly HDFC Bank and a few smaller private banks like IndusInd Bank or Yes Bank. Other than that, PSU banking seems to be entirely weak. So banking is likely to remain in this 10600 to about 11000 Bank Nifty range.