BSE, NSE Stock Ticker

Monday, September 20, 2010

Call Update: UCO bank and Corporation bank - ALL TARGETS achieved, book profits

powerfulpicks call update: I had given calls on UCO bank at 65 and CORPORATION BANK at 497. Targets were 100-110 and 700 for CORPORATION BANK. At 118, UCO Bank is up 82% up after my call and CORPORATION BANK is up 41%. These are good profits made in 4.5 months.
 
Both scripts look a bit tired now, seems to have entered the pause and base formation phase. it is advisable to book profits now in both. Several other good banking sector stocks like AXIS BANK and CITY UNION BANK (this target also achieved, my call was: Buy City Union Bank (NSE: CUB) at 34 for 1 yr TGT of 48 (+41%)) looks tired. They need rest. It is advisable to reduce your banking portfolios at their peak.
 
Enjoy investing profitably and safely with powwrfulpicks

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