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Sell Bank of India, Canara Bank Today: Sanjeev Bhasin

The Nifty is likely to see high volatility on Monday as markets have entered the derivatives expiry week. After a sharp bout of short covering, expect profit taking today as most Asian cues are benign. The Nifty will find resistance at 8,150 and support at 8,050 today.

The following calls are likely to do well with a three-four day outlook,

1) Sell Canara Bank: 393-397, stop loss 401, target 378

2) Sell Bank of India: 288-293, stop loss 298, target 274

Also, carry previous trades,

3) Buy L&T: 1570-1577, stop loss 1525, target 1640

4) Buy Adani Enterprises: 508-513, stop loss 495, target 540

Also, book profits in Maruti Suzuki (return of 4 per cent) and M&M (return of 1.5 per cent)