Dena Bank may slip to Rs 55: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "Tomorrow Dena Bank will announce its results. We have seen the stock moving from a level of about as high as Rs 66 and correction is bound to come because it used to rule in the range of Rs 52-54.”

“On bearish view on the sector and expectations of bad results tomorrow, one can look for a level of Rs 55. Now it is ruling closer to about Rs 59 but you can still see a correction of 5-6 percent in next three-four days,” he added. At 10:02 hrs Dena Bank was quoting at Rs 59.25, up Rs 0.30, or 0.51 percent.