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.

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.