Yes Bank, Bank Nifty, SBI BT/ST picks: Devang Visaria, Chief Strategist, devangvisaria.com

Devang Visaria, Chief Strategist, devangvisaria.com tips off investors on some buy today/sell tommorow ideas on ET NOW.

At the current price for Bilcare would this be an investment that you would recommend?

Devang Visaria: I think it's a good chart on the medium term basis. The weekly charts as well as the monthly charts looks very interesting, 525 could be a short term target which is closer for today's high but on a medium term level 600-625 should be a good target with a 2 month perspective.

Any BT/ST ideas?

Devang Visaria: You could have a BT/ST pick from a Yes Bank or a Bank Nifty or a Dena Bank or even a State Bank of India.

Could you give us some levels to watch out for also on these?

Devang Visaria: Yes Bank is at 307 right now with a stop around 304 you could look for targets of 314-315 possibly in tomorrow's first half. Bank Nifty looks good from a positional view for targets of 10,850 which is the all time high but you could easily get a 50-80 point jump in tomorrow trade's early morning. State Bank you could easily make a percent or so in a BT/ST kind of trade for tomorrow's opening session.

Quick call on trade today and whether or not this momentum could sustain?

Devang Visaria: I think if this momentum does sustain you could just look at doing that which I just spoke about earlier-long Bank Nifty and short Nifty on value neutral basis because Bank Nifty is clearly outperforming the Nifty. So I think you have a relatively risk free trade and without any risk of gap up or gap down since we are looking for a outperformance I think Bank Nifty should be long and Nifty you could possibly have a short position on that.