More upside likely in Canara Bank, SBI: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can see more upside in Canara Bank, SBI.

Sukhani told CNBC-TV18, “South Indian Bank is not a very good investment. It is better to get out there are so many better banks out there. Exide Industries remains in a long-term uptrend.” He further added, “Public sector undertaking (PSU) banks are giving mixed signals. Some of the PSU banks are suggesting that there is more upside and that included Canara Bank and probably State Bank of India (SBI). A lot of the others like Bank of Baroda, Punjab National Bank, Vijaya Bank all of them are saying that a sharp rally is done and over with and a correction should come. So the picture is fairly confusing. It’s almost like the Nifty, not sure where it will go."