Positive on small banking stocks: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com talks about banking stocks.

You indicated that you are bullish on banks, tick mark the preferred ones for us.

The smaller banks like Dena Bank, UCO Bank, Bank of India, these stocks look good and on all declines, they should be bought. Around say 5% to 8% could still bet there on the upside. The market overall may go up to 5850-5900. So banks may lead a stronger pullback than they have in earlier pullbacks that have happened in the market. So the smaller midcap PSU banks which got smashed up much more may give you a bigger bounce.