Trade long on UCO Bank with a stop just below 60: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com in a chat with ET Now gives his pick from banking stocks.

Devang Visaria, Chief Strategist, Devangvisaria.com in a chat with ET Now gives his pick from banking stocks.

Just a final word on these banks and the financial space as a whole any particular picks from here an HDFC Bank or an ICICI Bank or any of the other PSU stocks?

You could also take a look at UCO Bank. UCO Bank has started to move after a long time and you had the stock stagnating in the sideways kind of range and you could possibly see a good spurt on UCO Bank could look for targets of closer to 66 or 67 and trade long on that one with a stop just below 60 possibly 59.5 kind of levels as a stop loss.
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