Rise in Banking Sector: What Next and Performance report of our Banking Sector Report

Lastly, we put up an analysis of rises of banking sector stocks on 22 August giving a follow up of our 1^st article on banking sector giving clear cut bullish view on the whole banking sector on 29^th April 2010 and repeatedly then after via different media.

We also made a report on banking sector which was on offer for a nominal fee. In this article we are also going to show how hundreds of investors and traders benefited from that report of banking sector. And some excerpts as to the road ahead for the banking sector as a performer in markets.

Click below link for looking our original report of April 2010-

http://www.meghainvestments.com/2010/04/banking-bulls-and-bull-market-biases.html

Click below to see our repeated recommendation on 31 May 2010-

http://www.meghainvestments.com/2010/05/research-that-is-out-of-question-follow.html

and, below at our FREESTOCKIDEA, free sms group, where we continually send sms for same,

http://smsgupshup.com/groups/freestockidea

and,  another follow up article showing the performance of banking stocks up to 22 august 2010 as well as reinforcing the strength of the movementom in banking stocks and publication of our banking sector report,

http://www.meghainvestments.com/2010/08/performance-report-on-our-banking.html

and, continual enforcement of our view by putting the links prominently visible on top side home page.

BELOW IS THE TABLE SHOWING THE PRICE AS ON RECOMMENDATION DATE, PRICES AS ON CLOSING DATE, HIGH PRICEC SINCE, AND RETURN IN PERCENTAGE.

SR.	BANK STOCK NAME	rate on date of reco mmendation-30 april 2010 close	high made till date	cmp-22 nov 2010 close	RISE IN % on at high price	cmp-20 aug 2010 close
1	SBI	2301	3515	3039.85		2783
2	SBBJ	487.9	875	673.25	79.34002869	570.2
3	SBT	642.1	1083	844.2	68.66531693	750
4	YES BANK	285.6	382	328.4	33.7535014	331.5
5	SBM	666.2	1455	764.65	118.402882	920
6	BOB	692.2	1052	966.65	51.97919676	828.75
7	CORP.BANK	543.8	814.3	722.3	49.74255241	632
8	UNION BANK	311	427	370.45	37.29903537	361.7
9	VIJAYA BANK	53.65	115.3	105.2	114.9114632	84.15
10	BANK OF MAHA	55.4	85	73.95	53.42960289	72.75
11	CENTRAL BANK	161.3	249.4	221.9	54.61872288	184
12	UNITED BANK	83.55	150	120.3	79.53321364	101.7
13	BANK OF INDIA	380.8	589	487.9	54.67436975	457.8
14	BANK OF RAJASTHAN	76.7	213.5	delisted on 23 aug	178.357236	207.3
15	KARNATAKA BANK	137.8	209.2	180.25	51.81422351	176.35
16	SOUTH INDIAN BANK	173.8			-100	208.45
17	PNB	1040	1400	1307.45	34.61538462	1187.5
18	DHANLAXMI BANK	153	212.2	163.2	38.69281046	184.1
19	CITY UNION BANK	33.65	52.4	49.3	55.72065379	47.35
20	SYNDICATE BANK	93.25	164.2	145.35	76.08579088	118.3
21	IOB	96	179.1	158.75	86.5625	136.15
22	OBC	353.8	545.5	474.15	54.18315432	444.65
23	FEDERAL BANK	292.6	501	459.75	71.22351333	354.2
24	ALLAHABAD BANK	164.6	272	257.35	65.2490887	211.1
25	ANDHRA BANK	132.3	189.9	174.8	43.53741497	161.8
26	INDIAN BANK	225.3	316.2	294.25	40.34620506	255.7
27	CANARA BANK	429.6	844.2	778.9	96.50837989	528.4
28	UCO BANK	69.2	152.4	150.95	120.2312139	113.9
29	DENA BANK	88.7	151	136.4	70.2367531	110.05
30	IDBI	126	202.2	180.45	60.47619048	131.75
31	J AND K BANK	756.2	930	857.2	22.98333774	886.35
32	KARUR VYSVA BANK	486	640	521.4	31.6872428	681.5
33	DCB	44.9	76.75	66.05	70.93541203	54.75
34	AXIS BANK	1270	1609	1430	26.69291339	1367
35	KOTAK MAHINDRA BANK	369.3	526.5	481.45	42.56701868	862.7
36	ING VYSVA BANK	318.5	444	411.6	39.40345369	360.95
37	ICICI BANK	952	1279	1180.05	34.3487395	994
38	HDFC BANK	2000	2540	2379.9	27	2231.3
39	INDUSIND BANK	193.9	307.4	279.65	58.53532749	222.95

…………

          In our banking sector reports, which was on offer for a nominal fee, benefit of which several traders and investors had taken for; we have clearly provided for going to a MINI-VACATION during the Diwali period and at least up to Christmas, showing some of the technical, some of the factual and some of the empirical logics and reasons.

          Above here is given a table showing the rise of banking stocks in last less than 6 months, which also corresponds the time during which we had initiated and have been advocating the run up in banking sector. The period also covers the rise of the stocks before Diwali period and the levels around which we have given an exit in a fashion of ‘either the price target or the Diwali season’ whichever comes earlier.

          In our report we have also mentioned that the run up has been witnessed mostly during the last 6 months. By that what we mean is that the run up was going on in specific counters, but the sector as a whole gained combined momentum gradually after say May month onwards. Another peculiar aspect that we have mentioned is the absence of media coverage and short-term intraday traders’ participation into the sector which was seen after August month.

          In the report we had mentioned it clearly before markets achieved old highs that the auto and banking will continue to lead and will take markets to touch old highs. We have also mentioned and maintain that the same sectors will also be active during the last quarter of the year 2010 to help markets make new highs and lead the euphoria if it has to happen so. With the mention of mini-vacation during the divali to Christmas period up to probable return of volumes and full participation in the markets by the midst of January 2010; we have also given list price targets upto which the banking stocks can make reversal and which are the entry points at such below levels. At the same time we also have mentioned about re-jigging the portfolio to reduce weight age or to check any overweight age to banking sector and give finance and realty stocks more space into portfolio. We also have commented on stocks out of banking sectors’ 39 odd counters in which to long-term investment can be maintained and which counters should be abandoned after squeezing out full trading gains.

          Please keep checking out this space for more on the topic. 

       

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