Bank Stocks
Outlook for the week – 19 to 23.01.2015
( www.rupeedesk.in )
Bank stocks are expected to trade
with a positive bias next week as overall sentiment remains
bullish after the surprise repo
rate cut by the Reserve Bank of India on Thursday.
The Reserve Bank of India on
Thursday eased the repo rate by 25 basis point to 7.75%, after
which Bank Nifty hit a life-time
high of 19410.40. The Bank Nifty will find initial support at
18987 and then at 18920. On the
upside, first resistance will be seen at 19310, and then at 19410.
Meanwhile, stock-specific
activity is expected to continue as Kotak Mahindra Bank, ING Vysya Bank, South Indian Bank, among
other will detail their Oct-Dec results next week.
