Guys,
Like I Said In My Earlier Post, There Is Very Active Index Management, Going On To Reduce Some Of The Losses For Big Particicpants Who Were Short In The Market.
Therefore, Anymore Buying Should Only Happen On Retracement, Because There Was Huge Gap Up On Monday, Though I Doubt The Whole Gap Will Be Closed In The Present Scenario, But Any Retracement In The Gap Area Should Either Be Utilised To Average Some Of The Holdings Already Held Or For New Deployments In Frontline Stocks, I Will Reiterate Again Smaller PSU Banks Will Give Excellent Returns & May Take A Long Time To See Earlier Prices.
Therefore, 40-50% In Banks Will Not Be Such A Bad Idea, Especially With BASEL-II Norms To Come Into Effect Next Year, There Will Be Flurry Of Consolidation Between Smaller Regional Banks To Become Bigger To Be Able To Give The Foreign Banks Some Competition.
Then There Are Smaller Private Banks Such As YESBANK, INDUSINDBK & Others Which Will Get Swallowed By Foreign Banks & Their Valuations Will Come From How Widespread Their Network Is, This Is What Exactly Has Happened Earlier CBoP.
Infrastructure & Real Estate Will Do Very Well, Overall Bull Market Level Of January '08 Will Be Taken Out Quite Easily, Once We Have Seen Stability Of The World Economy, Which In My Opinion Should Become Visible Towards The End Of The Year.
SavantGarde