Sell BoB, Canara Bank, South Indian Bank: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have a sell call on Bank of Baroda (BoB) with a target of Rs 127 and stop loss of Rs 145. The stock is seeing multiple resistances coming at Rs 150-152 range. It is seeing built up in open interest with prices moving downwards.""I also have a sell call on Canara Bank. The trend is very much clear on the downside and a dead cat bounce which has just recently come on Canara Bank should be over. Also, built up in open interest is seen with prices moving down with signs of distribution seen in cash market. So I will be a seller in Canara Bank for a target of Rs 174, keeping a stop loss of Rs 185. Below Rs 174 one can even look for Rs 166 as the target," he said."My last sell is on South Indian Bank. One can see a clear downtrend in the stock. Open interest is also getting built up with prices moving downside and also signs of distribution is clearly seen. So, I will be a seller in South Indian Bank Futures for a target of Rs 15, keeping a stop loss of Rs 19."