Short OBC, PNB, UCO Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "State Bank of India (SBI), Canara Bank and Bank of Baroda (BoB) have relatively better charts. We would not like to sell these three banks. Apart from that all the banks are collapsing; Oriental Bank of Commerce, Punjab National Bank (PNB), Dena Bank, Andhra Bank and UCO Bank, you could go short even at current level if you are a position trader and you should be a position trader."

At 10:04 hrs State Bank of India was quoting at Rs 263.40, down Rs 1.95, or 0.73 percent. It has touched an intraday high of Rs 265.80 and an intraday low of Rs 262.30.