Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Canara Bank is sliding. It has become 25 percent of what it was at its top valuations. I think Canara Bank is now slowing going towards Rs 210 levels not immediately but it is worth taking a trade. Sell calls, buy Puts, sell Futures all three options are available. It is a very weak chart."
The share touched its 52-week high Rs 550.00 and 52-week low Rs 222.00 on 14 January, 2013 and 16 August, 2013, respectively. Currently, it is trading 62.04 percent below its 52-week high and 5.95 percent above its 52-week low. Market capitalisation stands at Rs 9,249.84 crore.
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