Monday, 6 January 2014

Caution in advance - Pharma stocks are going to Peak out and enter into Banking stocks

Dear Readers,

Pharma stocks initiated their moves in Nov 2012 and it is continuing till now.  We analyzed that the rally could end around last week of January 2014.   From February 2014 these stocks may start fall. We advice to book profits at the appropriate time.  This is a caution in advance.  We are the 1st to project and post things officially.
A bounce will follow up after the fall in these stocks, will bring it up near to the high.  This is general view on the sector.  In October or November 2014 you will see the industry bottom, then consolidation etc.,

A alternate investment opportunity is with Banking sector.  Stocks like CANARA BANK (cmp rs.271.55), STATE BANK OF INDIA (cmp rs.1688), PUNJAB NATIONAL BANK (cmp rs.610) has good investment opportunities.  BANK NIFTY SPOT  CMP 11049, Our view is that it may reach 13300 in upcoming days.  Identify bottoms and try to pick good banking stocks.



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