I have been tracking Banking Sector from quite some time. The thing I have noticed is that this sector has the capacity to show some major gains in short term.
IndusInd Bank Ltd (CMP – 155.45) This stock has a good support at 148 – 145 levels. Strong resistance in the range of 165 – 168.
Targets : 165 & 172.
Karur Vysya Bank Ltd : (CMP – 431.95) This stock has crossed 52 week High. Range to look out for is 480 as resistance and 385 as support.
Targets : 470 & 490
Happy Investing!
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Hi
What criteria you adopted to select these two stocks, would you like to share ?
Fundamentals and a bit of technicals.
Technically these stocks look strong. Fundamentally I think they are undervalued.
Do you have any suggestion on this ?
IndusInd Bank’s today’s high is 162.40 and closing price – 161.55!
Hope you enjoyed the call.
Expecting for Karur Vysya Bank to give some movement soon and expect a increase in the volume.