Banking Bulls and Bull Market Biases

                          Many analysts have a tendency to express view contrary to the markets trend. Many times this is only to get attention, show that they are different and are not amongst crowd. OR many times it is because they tend to believe certain sectors, stocks or markets have had 'too much' run up and that's why they tell that it's time certain sector/markets are going to make reversal and so on. Yes when it comes to investing this approach should be given a try but in trading when it is all about making the best of the bull market; people don't benefit from the moves. This happens also due to typical fear of correction in a bull market and fear of buying at 52 week or life time highs. Also when technical analysts start to look at PEs; they tend to fear the further run up and getting long into it.

             Banking space is also the victim of similar attitude amongst some analysts. While many banking stock continue to outperform and make new highs. Our technical team and market circles have identified some banking stocks still looking to have too much steam and virgin for long traders.

Andhra Bank: CMP-127.	United Bank: CMP-82	South Indian Bank: CMP-175.
DCB Bank: CMP-44	SBI of Bikaner and Jaipur: CMP-486.	Karnataka Bank: CMP-136
Vijaya Bank: CMP-52.	Dena Bank: CMP-86.90	Syndicate Bank: CMP-93
Bank of Maharashtra: CMP-55.50.	Yes Bank: CMP-293	City Union Bank: CMP-33.50

While from the smaller private sector banks Yes Bank, ING Vysya bank, Bank of Rajasthan, City Union Bank, 

Our team also expects that the largecap and sector leaders such as SBI, ICICI BANK, HDFC Bank etc. continue to lead and others follow. The party would be joined by other financial stocks.

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