Bank of India may test Rs 152, says Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "We are looking at about Rs 152 coming in on Bank of India (BoI). Another 5-8 percent downside is on the cards in my opinion, even chartically we have no signs telling us that this is a strong support level or that we could breakout from current level."

"There was some support at Rs 300-310 level in Canara Bank, we broke that, we have closed below that, in fact for the last couple of weeks we have been below that level, which is a bit worrying. So again this is not a stock that I would look at starting to accumulate at these levels."