Canara Bank may test Rs 300: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "Canara Bank is definitely settling in at Rs 260-270 level. We have kind of held that level not once but twice over. Every possibility we move closer to that Rs 300 mark, so from a trading play we certainly like the stock with a stoploss of Rs 270.""Amongst the infra names we have still not seen any medium to long-term breakouts on these charts, so unfortunately I won’t really go out and put out a buy at this point. Neither have we started seeing a lot of heavy duty consolidation. I think the market is just pausing in and at least the sector is probably going to take a little more time before we see some breakout, so none on my buy list there," he said.