3 stock recommendations by Rajesh Palviya for the upcoming week

economictimes.indiatimes.com:

PNB, Bank of Baroda, or even a small PSU Bank like UCO, Union Bank, or Indian Bank," says Rajesh Palviya, Axis Securities. Edited excerpts.

What are the levels that you are looking out for because suddenly we are seeing declines across the board, not only in the midcaps, but also in the frontline index?
We have seen significant supply pressure throughout the week, almost a 2.5% cut for the Nifty and now Nifty slipped below to 20-day moving average. Most of the Put writers have shifted their position on the lower side. So, Put writers have now shifted their position at 19,500, 19,400 strikes. That clearly shows that we can see more pressure in the coming trading session as call writers are now acting aggressively, aiding their position at 19,800 and 19,900 strikes. Those levels are likely to act as a major supply zone for any pullback action. Until Nifty does not cross above 19,900, there will not be any significant short-covering action in the market. Only major short covering will come above 19,900. Until we are trading below the 19,800 level, pressure is likely to remain in the system and possibly Nifty can go further down from the current level towards 19,600, 19,550 in the continuation of this down move.

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Even on the Bank Nifty, some pullback action was there in Friday's session. But looking at the overall setup for this monthly series, we believe that if Bank Nifty is not able to cross above the 45,000 mark then we can possibly see further supply pressure in the coming