The Bank nifty, it has been beaten down hard, many a person has lost money on the Index, and many more waiting to loose too..one bank after one has come in with bad news and more bad news. But this is the quarter when things will certainly improve for the better.The way some of the private banks regained in the last hour shows that they will be the main drivers for the ride up. The forgiven PSU banks will come in later to help out.
Now the stock known as SBI, many a trader has been burnt trading this stock.Which has mind of its own and which one cannot fanthom.But this is now at a level which is the bottom. It can only go up. Time to move in for long term investment.Buy some, leave it to rise and forget about it till it reaches the 2k level....do not trade with it or try analyse or waste your time studying it. This stock will see the old glory, sooner than later.
The IT pack has been silent, but it should now move on with it's journey to their respective goals.This quarter is the quarter where they have to work to come out with excellent year end results, which will have an impact on the stock value for the next year.US.GDP figures have come out yet another another excellent result, which means the spend on IT and related services will grow exponentially. The Indian companies are geared to meet this challenge.won't be surprised if most of them beat the CII target for the year.Europe too is growing , coming out of their problems and the recovery there will be faster, the IT spend will be increasing sooner than later.With money SMART pouring in from the USA things will be improve at a fast pace.
Invest wisely watch the trend indicators, make the most of your capital, I will come out with the calls to buy and how one can trade safely .....have a good February short month but an exciting one.A sector wise analysis will be given later in the evening....as usual your thoughts and opinions are always welcome.