Buy back banking stocks Vijaya Bank and UCO Bank: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, shares his views on various stocks.

ET Now: What about the public banking lot some of the midcap names are a bit soft today Vijaya Bank, UCO Bank, and Indian Bank what is the chart indication?

Sandeep Wagle: Most of this stocks like a Vijaya Bank or UCO Bank have been falling over the past 8 to 10 trading session and they are near a support level. I am not trying to suggest that one should go long in this stock because the banking sector is weak per se. If one is short, one should cover back or one has sold at higher level, one should buy it back. We should definitely not create a fresh short at this point in time.