Short ICICI Bank, Canara Bank: Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to short ICICI Bank and Canara Bank at current levels.

Sukhani told CNBC-TV18, “I suggested ICICI Bank for shorting and that is probably is going to crack first if this market comes down further. In the PSU bank front rather than Dena Bank, Canara Bank is a shorting candidate and so is Central Bank.”
He further added, “Almost all infrastructure names are in trouble today. I wouldn’t pay too much attention because they are not short selling candidates. Somebody who took an intraday short should be covering now. A much more important point is that markets are now getting choppy. It is easily possible that tomorrow these may recovery and go up 2-3%. So these declines are not significant.”