Tuesday, May 24, 2011

AVOID BANKING SECTOR PART 2

sir
I am continuous reader of your blog. Pls advise me on City Union Bank and DCB. Is it good to buy banking stock in this market conditions for period of 01 years. Pls advise ask by MANISH TAYAL

Manish tayal ji first thing that i think rally in banking sector is over in line of my earlier forecasts that i warn my readers that they avoid banking sector ( you wonder that when i publish this article on negative view on banking then i receive many e mails of readers that disagree from my view on banking because in this time every analysts on TV give his positive view on banking sector .
Second thing that i write this former article on reply of your question so i think you not read it at 18 nov 2011 if so then i give you link ..please read your former reply


http://sharegenius.blogspot.com/2010/11/avoid-banking-sector.html

as my earlier forecast on above link DCB traded below 40 in feb 2011 but i think you loss chance of buying but do not worry wait some time i think market give you one more chance
so my view is negative for DCB , city union bank and all banking and auto sector for next 1 year so i think we may avoid these stocks for coming 1 year..i have no any stocks in banking sector


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