Syndicate Bank, OBC, IOB look weak: Sukhani

Syndicate Bank, OBC and IOB are looking weak, says Sudarshan Sukhani, s2analytics.com.
 
Sukhani told CNBC-TV18, “Syndicate Bank, Oriental Bank of Commerce (OBC), Indian Overseas Bank (IOB) are probably the weakest of all PSU banks. I am not surprised by the news.”
 
He further added, “The markets have been discounting these banks much earlier. Everyday we see new lows. They are not buying opportunities. Some PSU banks will become buying opportunities in the next few months, but I do not think these ones will come in that list.”