Short Canara Bank with target of Rs 390: Tulsian

SP Tulsian, sptulsian.com is of the view that one can short Canara Bank with a target of Rs 390 and stop loss of about Rs 398.

Tulsian told CNBC-TV18, “Long on Unitech with a day target of Rs 30.50 and stop loss of Rs 29 or maybe 1 percent lower than the current prevailing market price for a gain of about 2-2.5 percent in remaining 45 minutes.” He further added, “Short Canara Bank because I am negative on the public sector undertakings (PSU) banking stocks and the kind of disappointment or the liquidations, which we have been seeing in all PSU banking stock. Short Canara Bank with a day target of maybe Rs 390 and stop loss of about Rs 398.”