Short sell Andhra Bank, Canara Bank: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can short sell Andhra Bank, Canara Bank.

Sukhani told CNBC-TV18, “Andhra Bank, Canara Bank are all short sells. So, if we are seeing a rally the rally should essentially be used to build short positions in them.”
Andhra Bank closed at Rs 100.55, up Rs 2.50, or 2.55%. It has touched an intraday high of Rs 101.40 and an intraday low of Rs 96.50. There were pending sell orders of 539 shares, with no buyers available. It was trading with volumes of 161,477 shares.
Canara Bank closed at Rs 434.85, up Rs 13.95, or 3.31%. It has touched an intraday high of Rs 435.95 and an intraday low of Rs 414.05. There were pending sell orders of 20 shares, with no buyers available. It was trading with volumes of 57,593 shares.