Buy Canara Bank: N Jain
June 17th, 2009
Nishant Jain, Director, TradeSwift Broking is of the view that one can buy Canara Bank.
Jain told CNBC-TV18, “Canara Bank has corrected about 30-35% from its peak and the way it has taken support is at the top of its pervious trading range. It does not have any significant resistance upto Rs 270 levels. So once again it is showing strength since last two-days, so this should carry on again when the market goes up. I still maintain a buy on this stock to Rs 270 levels with a stoploss of Rs 240.”