UCO Bank looking negative: Somil Mehta

ET Now spoke to Somil Mehta, Sr. technical Analyst, Sharekhan, on his view on Motherson Sumi.

How about UCO Bank?

For, UCO Bank the charts are looking a little negative. So I think the right support for UCO Bank could be around Rs 111-Rs 112 levels because it has come down. Overall, the banking sector has completed a 5 wave rally now and we are expecting at least a small consolidation or a small correction now before the second rally on the upside starts.