Jun 21, 2013, 05.45 PM | Source: CNBC-TV18

Short Dena Bank, Bank of Baroda: Sukhani

Sudarshan Sukhani of s2analytics.com recommends to sell Dena Bank and Bank of Baroda.

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.

Also Read: RBI Credit Policy: Not much scope to cut deposit rates, says SBI

Set email alert for
Dena Bank UCO Bank Bank of Baroda
SBI Bank of India


video of the day

Dont see mkt going anywhere now; like Bharat Forge: Dipen

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.