Sell Union Bank of India, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is not only Union Bank, you could close your eyes except for State Bank of India (SBI), put your finger on a public sector undertaking (PSU) bank and that would be a sell. So we just pick the Union Bank because it has relatively more appropriate short sell chart.""I would say that it is very little difference between Union Bank and Punjab National Bank (PNB) and Bank of Baroda (BoB) and Canara Bank. That is a pity. The PSU banks are telling us there is much more pain ahead, "he added."Adani Power has wonderful chart. It is building a base as most power companies are doing. We had JSW Energy yesterday or day before and Tata Power we have been discussing - there is a positional trade here. It is also a day trade but it is a positional trade, just to carry little bit of your PSU banks thoughts - it will be the main feature of the 2016 year and we need to put it and highlight it when the year ends," he said.