Oriental Bank of Commerce may fall by Rs 10: Amit Gupta

Amit Gupta of ICICIdirect told CNBC-TV18, "There has not been any big positive surprise especially from the banking space in the results. However, PSU banking falling before the results and again when the private banking are not surprising, so the pressure again comes back to the PSU that more disappointment may come. We saw Rs 270 around heavy Call writing in State Bank of India (SBI) and later on we saw that the other PSU banking stocks also falling.""For Oriental Bank of Commerce (OBC) Rs 189 was the high in the month of April. It did not take out which shows first sign of weakness. Now there was almost two months high volumes we saw around Rs 172. Yesterday it closed below that level, so there may be more nervousness may be seen in this possibly another Rs 10 of downside is possible," he said.