 |
| Punjab National Bank |
Jain told CNBC-TV18, "Punjab National Bank (PNB) is giving a chart at least of consolidation to mild correction, so where it closed yesterday I would probably play it at Rs 1,197 for the shorter side. I would keep a stoploss which is very close of Rs 1,210-1,212 and I would play for a target of Rs 1,160 which is not much, it’s about 3-3.25% because I am looking more at a consolidation in banking pre-results rather than a runaway rally at least on the largecaps."
She further added, "The smallcap - we saw some action on the positive side today could continue but in the larger banks its more of a sideways to a slightly mildly negative kind of a trend."
Sources: http://www.moneycontrol.com
