Buy banking, telecom stocks on decline: Mohindar
Rahul Mohindar of Viratechindia is of the view that one can buy banking and telecom stocks with 3-4 months timeframe.
Mohindar told CNBC-TV18, “I think banking per se looks good. In fact sectorally, if I have to pick two sectors, on would be banking and telecom. I think both these are sectors I would not be willing to really go out and short, but instead buy on the declines for a three to four month kind of a outlook.”
He further added, “So, medium term these stocks look good and specifically I think both these counters look interesting. Just like if the market gives way one probably could see a room of 5-10% on the downside but again these are not stocks that I would throw out of the portfolio or go short on but instead accumulate as they get lower.”
source: Moneycontrol
Tags: bank sectors stocks, banking sector stocks, bse bank stocks, buy ICICI, buy or sell stocks, Mohindar, NSE Stocks
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