Go long on Allahabad Bank: Vijay Bhambwani, BSPLindia.com

Vijay Bhambwani, Author, CEO, BSPLindia.com in a chat with ET Now, gives his views on Allahabad Bank.

What is your call on Allahabad Bank?

I would advocate going long on Allahabad Bank as long as it stays above the 167.50 mark which it has done a couple of times during the day but you see it trading above 167.50 for 15-20 minutes consecutively, it triggers a buy on my systems. I would maintain a stop at 165.50, that is a Rs 2 stop loss and I would start advocating booking profits at 170 and above or close whichever comes earlier.