Buy mid-cap banking stocks: Sandeep Wagle

ET Now caught up with Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, to find out his views on mid-cap banking stocks.

Even in the banking stocks, some had basically gone onto uncharted waters, two-year highs or more and so a little crack, does it mean that much till the time they again fallback to where they started from?

If you specifically talk of Andhra Bank, it is looking a little weak but not as weak as some of the realty or the metals space. I would still buy into this because somewhere the bottom has to be made. A bottom will be made is what I believe, 4850 to 4800. The midcap banking specifically though the bank Nifty is on the weaker side, a Uco Bank, an Andhra Bank, a DCB can give you an upside talk of 5-7% in the next two to three weeks on a bounce back.