Short Kotak Mah Bank, buy SBI 2550 Put: Gopi Suvanam

Gopi Suvanam of InvestWorks told CNBC-TV18, "I am more bearish on private sector banks than on public sector, so I would recommend traders to go short in Kotak Mahindra Bank at the moment with a target of around Rs 1000."

"On State Bank of India (SBI) I am mildly bearish, so I would look at some kind of buying a put strategy, I think it will go to the levels of Rs 2500. So somebody could buy a Put of 2550 at the price of Rs 32," he said.