Hold Syndicate Bank, may test Rs 110: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "I would say that the worst is over for the public sector undertaking (PSU) banks and there is some good bottoming formations on many of those banks including Syndicate Bank. I would suggest that hold on to the stock and there is an intermediate support at around Rs 88 levels, so one can put a trailing stoploss of Rs 88 and hold on. We can see targets of around Rs 110 in the next few trading sessions."Syndicate Bank ended at Rs 93.75, down Rs 0.95, or 1 percent on the BSE.