Short PNB, Dena Bank, Canara Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Public sector undertaking (PSU) banks are giving signs of exhaustion, the small rally that we have seen is over."

"The private sector banks should not be touched but Dena Bank and Canara Bank are short selling ideas and so in Punjab National Bank (PNB). The short selling is coming but only in PSU banks." Also Read: Cut interest rates to revive retail credit: PNB's Kamath At 10:23 hrs Punjab National Bank was quoting at Rs 465.95, down Rs 1.60, or 0.34 percent. It has touched an intraday high of Rs 466.95 and an intraday low of Rs 459.80. The share touched its 52-week high Rs 922.10 and 52-week low Rs 402.20 on 31 January, 2013 and 04 September, 2013, respectively. Currently, it is trading 49.47 percent below its 52-week high and 15.85 percent above its 52-week low. Market capitalisation stands at Rs 16,470.09 crore.