Canara Bank, UCO Bank may rally: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Technically, the larger public sector undertakings (PSU) banks are ready for a bounce and that is for the short-term, all that is rumours. This may or may not materialise. If we want to play new banks then certainly M&M Financial is the best chart that we can come across."

"But for the other public sector banks such as Canara Bank and UCO Bank both are priming up for some kind of rallies, so that is far more interesting than looking at the private sector banks, the smaller ones," he added. Also Read: See higher provisions of Rs 400 cr in Q1: Canara Bank CMD