Buy BOI, PNB on dips: Siddharth Bhamre

Siddharth Bhamre of Angel Broking is of the view that one may buy Bank of India and Punjab National Bank on dips.

Siddharth Bhamre of Angel Broking told CNBC-TV18, "We did not say that we are not bearish on banks but because of disappointing numbers market may not significantly correct only because some of the PSU banks have come out with the bad set of numbers because market is beyond PSU banks."

"In PSU banks, some of the names which we would be buyers on dips is Bank of India  (BOI), if we see further 5-6 percent correction around Rs 250 odd levels, it is a good buy. Punjab National Bank  (PNB) has corrected sharply, further correction from here can be a good buy," he said.

"In private sector space ICICI Bank  is looking weak but Axis Bank  is not looking so weak. So that is the space where we would do some positive trading rather than thinking that this market is going to change the trend and go down."

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