Monday 10 November 2008

PSU Banks to out perform: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that PSU Banks are expected to out perform.

Sukhani told CNBC-TV18, "There are some sectors now that are clearly outperforming and will outperform after a correction if the uptrend continues but metals is not one of them. The sectors I am looking for out performance remain PSU banks and the large space called construction and infrastructure, so metals are in the lower end of the spectrum which will under perform. Today is an exceptional day; there is a sense of relief of buoyancy because of China package I do not think this is going to last. The charts are telling us there is a lot of pressure on the stocks and that pressure will show itself again."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors that have been spoken about.

Source: Moneycontrol

Posted by Harsh at 07:33

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