Look at SBI, BoB, BOI: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "More or less the banking names especially the PSU banking names like State Bank of India (SBI), Punjab National Bank (PNB), even the names like Bank of India (BOI), etc seem to be going through a increased pain which you have seen over the last so many months. You have seen many of these stocks trying to inch back towards the shorter term day moving averages. You saw failed crossovers as well in terms of short term moving averages as well but all of them have failed.""Names like SBI, BOI and even Bank of Baroda (BoB) from a short-term basis seems to be forming a bearish formation. So, these are the names which one could definitely look at from a short-term basis," he said.