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Jun 26, 2012, 11.23 AM IST
Sell Bank of Baroda, says Sudarshan Sukhani of s2analytics.com.
Sell Bank of Baroda , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Bank are now a short sell, most of them have come at resistance levels and pulled back including the Bank Nifty, which did very badly yesterday. So its not necessary to go and sell the banks; you can simply step aside, trade the Bank Nifty on the short side and leave individual banks alone because the intermediate trend for PSU banks is up."
He further added, "We are only looking at the next 5-7days when we can see a correction here. But if somebody still wants to take a position in the banks for the short-term, then Bank of Baroda is a selling opportunity."
Action in Bank Of Baroda
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