You are here: Home>Collections>Downside  Buy Dena Bank on
decline: Prakash Gaba  ET Now May 15, 2012, 01.24PM IST  Prakash
Gaba, CFT,, in a chat with ET Now, gives his stock call  What is
your call on the some of the mid tier banking names the likes of
UCO Bank and Dena Bank, how would you position yourself here?
UCO looks okay to me. It has seen a good down move from the
levels of Rs 85 to somewhere closer to around Rs 65 that is a
place to buy, being in aggressive trade.It is a good place to
pause if it has to. Have a stop below Rs 65. It can go up to
levels of Rs 72. So, you could buy UCO Bank. It is an aggressive
trade. Same is the case with Dena Bank, it is stretched on the
downside, any dip on Dena Bank on the downside could be a buying
opportunity so far it does not give any but if someone is an
aggressive trader can buy it, just have a stop below Rs 80, can
it go up to around 85? Yes purely a simple one or two days
trade.  0.81 % 0.45 Vol: 3155 shares traded 0.90 % 0.50 Vol:
7340 shares traded