Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We want to short in stocks like Dena Bank which is also cracking. UCO Bank is falling but since it has been showing relative strength earlier we can step aside and say we will not do anything. Bank of Baroda is a short sell so is Bank of India so I would suggest some banks can be removed."
"I wouldn't and sell State Bank of India (SBI) but a lot of public sector undertakings (PSU) banks continue to be selling opportunities. The important point is we don't sell just as we speak we wait for a trade location. That usually comes when the stock goes sideways intraday then it is worth going and selling it," he added.