Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Karnataka Bank was on the rising spree on the back of rumours and so called merger ideas. It has fallen from Rs 150 to Rs 106 which was 40 percent decline. At Rs 106 it is breaking on the downside which means it is going sub-Rs 100 now."
"Obviously the charts are not at all conducive. It is a short sell, not only for today, you can carry it if this stock closes weak," he said. Also Read: Swiss Fin Corp sells 11.22 lakh shares of Karnataka Bank
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