Banking stocks look very attractive: Nikita Sureka, Guiness Securities

Nikita Sureka, Technical Analyst, Guiness Securities in an interview with ET Now discusses Banking stocks.

Banking stocks on the charts?

The banking stocks have been performing quite well, be it the large caps or the small caps, the entire banking space is buzzing. Currently if I also look at the charts, you should go into the selective bank stocks like personally I like Axis Bank, which is looking very attractive at the current levels. One can put a stop loss of say 1290 1300 and Axis Bank has the potential to give another 80-100 points move from the current levels. Talking about the mid-cap banks also, the mid-cap banks have also been showing very good move, so in the mid-cap banks if someone want to take a buy call on any of the stocks, I personally like Dena Bank. Dena Bank is constantly maintaining above the levels of say 100-101 levels, so if it maintains above this level and gives a breakout above say 102-103 levels, Dena Bank should be a good bet.