Short Canara Bank: Sukhani

Sudarshan Sukhani of s2analytics.com advises to short Canara Bank at current levels.
 
Sukhani told CNBC-TV18, "Canara Bank is a short sell. Public sector undertaking (PSU) banks have been beaten about. After Friday’s rally there is a question mark about will the banks continue their rally today. We do not know otherwise it is a one-off event.”
 
He further added, “For Canara Bank we are assuming it was a one-off event and the normal downtrend will resume. Therefore, go short or avoid it but do not try to buy.”