Short PNB, Andhra Bank, Dena Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bank Nifty has been a short sale. Several PSU banks come in it. Bank of India (BOI) has been going one way. It has some kind of a cascading decline and it does not stop. BOI had a lower low on Friday. It has a very poor chart but there are other stocks also. So the ones that you can avoid are Canara Bank, Bank of Baroda and State Bank of India. Do not short them."

"Stocks like Andhra Bank or even Dena Bank which is a very weak stock, Oriental Bank of Commerce and Punjab National Bank which has been good otherwise, all of them are short candidates," he added.