Short Bank of Baroda: Ashish Chaturmohta

Ashish Chaturmohta of Fortune Group told CNBC-TV18, "We are witnessing very strong build up of short positions in most of the PSU banking space and particularly stocks like State Bank of India (SBI), Bank of Baroda (BoB) and Union Bank of India where we have witnessed build up of almost 8-10 percent in the last two or three trading sessions on the short side."

"Bank of Baroda has already broken a crucial support zone of Rs 194-195 level. So at current level, we are recommending a short call with a stop loss above Rs 188 and on downside expecting a target of Rs 158-160 in next three to four trading sessions," he added.