Buy Canara Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Canara Bank was in a trading range and it broke out yesterday. Public sector undertaking (PSU) banks are doing well. PSU banks apparently are creating a base – that is a torturous process. It goes up then sometimes you have choppy days, stock prices come down but essentially the message is that a low is been created and the next step will be on the upside."

"We will see how much upside is there because seasonally September and October are not good months but we can have exceptions. For today generally PSU banks and specifically Canara Bank is a buying idea," he said.