Exit Andhra Bank around Rs 70: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "The basic structure of Andhra Bank is weak, but at lower levels there seems to be support. So there is a good chance that expansion contraction takes place. And if an expansion contraction takes places in a sideways move, so it maybe come around Rs 70 zones, one needs to exit there. I think an expansion will happen. So far it is weak structure in a sideways zone."

At 14:58 hrs Andhra Bank was quoting at Rs 55.90, down Rs 0.15, or 0.27 percent.

The share touched its 52-week high Rs 76.10 and 52-week low Rs 47.40 on 05 May, 2017 and 27 December, 2016, respectively.