Stock of the day – Indus Ind Bank

Couple of days back, I wrote on CNX PSU Bank Index. While huge problems exist for PSU Banks, I believe that if one looks at it with the sector with a horizon of 5 years or more, this is as good a time to enter as any other. Unlike other indices, with Banks, one has the opportunity to enter with a ETF as well (Kotak PSU Bank ETF).

In the short term though, Private Sector Banks shall continue to show good performance and the stock that came to my sights is Indus Ind which (like almost all the big private sector banks) is breaking out (its all time high is now pretty close by and if markets continue to remain bullish, certain to be broken).

Markets are overheated and a reaction is certain – question though is when? I doubt anyone knows and since risk has to be taken at one point or the other, why not take the risk with the trend than trying to predict the end of the trend.



About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (
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