See upside in Canara Bank, says Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "We have seen some of the biggest downtrend in public sector undertaking (PSU) banks and some consolidation pattern has emerged in the last few trading weeks. There is a strong support of Rs 240-250 in Canara Bank and that should be a good support to hold on to. The investors can put a stoploss below that and can see slow but steady rise from here."At 15:09 hrs Canara Bank was quoting at Rs 267.70, up Rs 5.90, or 2.25 percent on the BSE.