Banking Stocks Shine as Markets Open up in New Year 2014..!

Markets have opened up with a decent upmove from the previous close and BANKING seems to be the most favored pocket for traders and investors alike most of the mid cap PS Banks such as A! BANK" #$ BANK" %&'&(A! BANK have seen some sharp accumulation in the previous few sessions and it seems that market participants e)pect this pocket to be the front*runner to an+ sort of a positive news flow from the (BI ,(eserve Bank of India- or the Government.s side/ 0he other pocket that seems to be seein1 some traction is the P$2&( sector with the Government clearl+ focused onto clearin1 some of the polic+*related backlo1s the ##&A.s stance on the Me1a Power Pro3ects bein1 a case in point/ #ounters like P$2&(G(I'" P0#" 0A0AP$2&(" (P$2&(" A'ANIP$2&(

are e)pected to be abu44 durin1 toda+.s session/ 0he auto sales nos could have a dampenin1 effect on the domesticall+ oriented pla+ers like M5M" while the 1lobal pla+ in other counters like 0A0AM$0$(S and MA( 0I could keep them insulated from an+ disappointments that the domestic sales numbers ma+ brin1 about/ #autious tradin1 alon1 with profit bookin1 is advisable/
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