Banking is a good sector. Dena Bank looks good. The stoploss at this point is Rs 78. The price target is between Rs 95-98. This is a good short term call which means you could get this in something as low as 3-5 weeks. This would be on my buy list.
Dena Bank and Vijaya Bank look very interesting at these levels. Majority of the banking stocks have a good 5-10 bar kind of correction over the last 2-3 weeks, so I think it’s about time they are going to play catch up.
Reading stock charts, one can see the stock correcting between Rs. 80-85. This could be a good level to buy stocks for target of RS. 95-98.
