Devang Visaria puts sell on SBI

Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about banking stocks.

Your comments on banking stocks?

Possibly right now you are just seeing some stagnation at the higher levels because the stocks have rallied really smartly over the past one month. In fact, we have given a small trading sell on SBI also for today’s pick keeping in mind the same thing. But there is not too much cause for concern, possibly a 3% or 4% dip on most of the banking stocks, as the Bank Nifty likely to see more of a healthy correction.