UCO, Dena, Vijaya & IOB bank show extremely +ve patterns: www.aptartindia.com

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com in an interview to ET Now said that Midcap banks are the stocks that are holding fort. Midcap metals, however don't generate any curiosity. Uco Bank or a Dena Bank or a Vijaya Bank or an IOB, extremely positive patterns.

Your view on some of the midcap sectors, banks if you think they will hold up, if you can give us a couple of banks. Then if we can go onto steel, perhaps some of the commodity stocks like Hindustan Copper. Then perhaps textile stocks. These three groups, essentially first if you can start by commenting on whether the midcap rally itself has been unaffected by yesterday's black swan.

The midcap stocks are the ones that are holding fort specifically midcap banks. Midcap metals, I am not that thrilled about that. I do not see that patterns emerging which will take the markets up or those stocks up. Uco Bank or a Dena Bank or a Vijaya Bank or an IOB, extremely positive patterns. Textiles again I would not go with textiles. I am not that a great fan of textiles since I am not getting any patterns again. Some upside possibly yes but one-way rally, 15-20% no.