Sahil Kapoor of Edelweiss RCM Research told CNBC-TV18, "In Bank of India (BOI) there is a good double top in place, largely all the momentum that is present on the upside is not present on the banking stocks per se specifically on PSU banks. Although we had a very strong up move in PSU banks but I think some of the laggards are really going down and Bank of India is one such stock."
"One should go short in BOI at Rs 214-215, keep a stop loss above Rs 225 and targets of Rs 190-195 is on the cards," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
