Bank Nifty gets into some kind of a consolidation, so the movement is just about starting on Syndicate Bank, Karnataka Bank, UCO Bank, etc. Bank Nifty has gotten to some kind of resistance around 9500-9600. To have a fresh trade, you need to have some kind of a decline towards 9250-9300 and that probably is the strongest index.
Karnataka Bank again if there is nothing negative say tomorrow, chances are that Karnataka Bank could move back into three digits because these smaller banks have not really moved up, so now there will be a catch-up act on all of these smaller banks once.
ICICI Bank also looks good for levels of about Rs 930-935. On the downside, you are now looking at support around Rs 780. So broadly on all declines, this one is a buy.
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