Short Bank of India, Raymond: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “Bank of India is an appropriate candidate for short selling – it is one of the weakest PSU banks.”

He further added, “Sell Raymond. It was in a narrow range. It has broken down from that range. These break downs normally take a lot of momentum on the downside.” On May 31, Bank of India closed at Rs 287.55, down Rs 9.70, or 3.26 percent. It has touched an intraday high of Rs 298.55 and an intraday low of Rs 285.