Wait for a dip to buy Tata Chemicals; see value in PSU banks: Vishal Malkan

economictimes.indiatimes.com:

Vishal Malkan, Malkansview.com, says: “I will go with the flavour of the week which is PSU banks which are doing well, like Canara Bank, Bank of Baroda. My favourite is PNB which has broken above that resistance of 125; closing above that, would be a good sign and we can look at targets of Rs 135, 140 and 145 in the next few trading sessions. Another stock which is doing well today is AB Capital.”
Bank Nifty seems to be coming out of a slumber. There was a bit of a breakout. But today again, the market has tempered a bit. What is your view at the index level right now?
Vishal Malkan: I will first go with the Nifty part, which has given a good breakout above that 22,200 in the last few trading sessions, sustaining above that, holding on to those levels. It looks like we can have further upside up to 22,700 odd. But as far as Bank Nifty is concerned, there is a slight kind of resistance which is not working out well, which is around 48,000, which was created in the last fall when there was a gap down, there is a big resistance. Once it crosses 48,000, then only we can look for fresh highs in Bank Nifty. Apart from that, stock specific, there are a lot of ideas where we can have decent returns.

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In stock specific ideas, where do you see value?
Vishal Malkan: I will go