Expect lower levels in Oriental Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Oriental Bank of Commerce (OBC) is on the verge of a break down. So there a short term trading opportunity, which is probably superior to other banks. All of them are falling and collapsing, even Canara bank. But Canara Bank is making these new lows repeatedly and Oriental Bank is just on the verge of breaking down. Perhaps, we will get a bigger thrust on the downside."

At 10:14 hrs Oriental Bank of Commerce was quoting at Rs 188.10, down Rs 1.65, or 0.87 percent.

The share touched its 52-week high Rs 370.20 and 52-week low Rs 183.50 on 06 June, 2014 and 08 May, 2015, respectively.