Prefer Canara Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "A bunch of PSU banks offer themselves for buying and all of them have made large bullish head and shoulder patterns, broken out. We have talked about it lot of times, it has been a favorite sector. Now what is happening is that the up trend is already confirmed, we are simply finding opportunities to re-enter that up trend or to enter it again and again. Canara Bank is offering one such opportunity but even Bank of Baroda (BoB) is doing the same, non F&O stock Corporation Bank is doing it, so there are plenty of them."

At 09:20 hrs Canara Bank was quoting at Rs 453.80, up Rs 6.35, or 1.42 percent.