Shardul Kulkarni of Angel Broking told CNBC-TV18, "In the midcaps specifically I would look at the public sector undertakings (PSU) banks, which are offering opportunities to go short. So, Canara Bank would be a decent short from current levels. I think that Rs 385 to Rs 390 is a possible target in case of Canara Bank."
He further added, "Although one may not be able to call it an exact midcap, but I think the chart structure is clearly negative and I think going forward one should look at Rs 385 as a potential target. The stop loss on the upside would be placed at Rs 410." Disclosure: It is possible that we have positions in the stocks discussed and we have recommended the stocks to our clients.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
