Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Public sector banks (PSU) are weak. I am negative now on Bank Nifty. Therefore, most banks should be selling opportunities. One just has to identify trade location properly."
He further added, "Dena Bank’s location is perfect, it is on the downside, consider a short sell here. Ideally if the Nifty rallies a bit, sell into that strength. In any case it should be sold into."
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!