One can short Dena Bank, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Dena Bank is a short sell. Most public sector undertaking (PSU) banks are short sells. They have completed their small rallies. They have started giving visible and tradable declines. I would sell it."
Dena Bank closed at Rs 91.90, up Rs 0.45, or 0.5 percent. It has touched an intraday high of Rs 91.90 and an intraday low of Rs 90.15.
The share touched its 52-week high Rs 128 and 52-week low Rs 84.90 on 07 January, 2013 and 10 April, 2013, respectively. Market capitalisation stands at Rs 3,185.53 crore.