Sell Bank of Baroda: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "All PSU banks had that vertical rally, non-stop almost. They stalled at some point, there was no resistance, they just stopped rising. Now almost all of them have started falling, so even if Bank of Baroda has broken a minor support level it is coming down. Chances are the supports will come much lower, normally for this bank, for most PSUs. So, while the overall trend, it could still be up for the short-term trader. There is a short selling opportunity not just in Bank of Baroda, in probably most PSU banks."The share touched its 52-week high Rs 216.25 and 52-week low Rs 109.45 on 18 August, 2015 and 12 February, 2016, respectively.