In the last few weeks we have seen all Midcap Banking Stocks having hit new highs for the year.All the above stocks have given a 25-40% move and the media is buzz with lot of scoops on the same. For the record last 2 months i had consistently mentioned my liking for mid cap banking stocks candidly.
All through the month of May our Daily Newsletters to clients and blog postings had a clear mention of taking exposure in midcap banking with medium term view.
Although there would be 5-10 posts mentioning about midcap banking stocks and almost all the newsletters in May had mention of the stocks like Uco,Vijaya,Dcb,Dhanlaxmi,Lakhsmi Vilas,Karnataka Bank,City Union etc.
For now i have just searched through the blog for some post
Link 3 - Asking Fundamental Analysts to help me out pick the best ones ( Though i dint get any replies)
If you search the blog for the following banks – DCB,Dhanalaxmi Bank, South India Bank, City Union Bank, Vijaya Bank, Lakshmi Vilas Bank, Karnataka Bank you would get many instances of the stocks being mentioned in last 2 months. ( Use the search box on top) \
Will post a couple of QuickGains Premium Newsletters in which Banking was consistenly mentioned. Hope people are enjoying the rally in these banking stocks.
Currently one of the stocks which i have already been bullish looks set for a fresh breakout – Lakshmi Vilas Bank.
Disclosure: Recommended to clients at 78-80 and holding will look to add more position in coming days.
The stock has faced almost 3-4 times around the range of 95-98. Sustaining above that will take the stock to 115-130 in short to medium term.Encouraging volumes seen on the stock.
Fundamentally looked interesting in 80s also for the post have a look here.
GATI LIMITED :
The stock seems to have given a fresh breakout in near term with huge volumes. Stock could give a good 15-20% appreciation.
Disclosure: Recommended at 70-72 to clients today.
Stocks to watchout for:
Bharat Forge buy above 337 stoploss 332 tgt 350-360 in momentum.
NTPC buy above 203 stoploss 199 tgt 210-212.
Dredging Corporation and STC India could give a smart move if 630 and 450. The general tendency of the stocks is to move quickly so traders can keep a watch.
Fundamental Analysts can have a look into Aditya Birla Chemicals ( Bihar Caustic Old Name ) and DIC India which are as such low liquidity counters but strong on fundamentals. For now my reasons to discuss are purely technical. Expect a good 15% appreciation in short term.
Time Techno can give a strong move on closing above 56.
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