Short Canara Bank, says Vishal Kshatriya

Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss is of the view that one can short Canara Bank.

October 25, 2011 / 08:27 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss is of the view that one can short Canara Bank.

Kshatriya told CNBC-TV18, "Short Canara Bank. The stock has breached and closed below its key support of 20 DMA along with good volumes. Momentum oscillators on daily chart have also given a sell signal. Open Interest data indicates aggressive short built up in the counter, traders can go short at current market price with target price of Rs 410 and maintain stoploss above Rs 432.

first published: Oct 25, 2011 08:25 am

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347