Bank Stocks
Outlook for the week – 08 to 12.09.2014
( www.rupeedesk.in )
Bank stocks are expected to trade
with a positive bias tracking the broad market next
week, and any fall on profit
booking will be offset by demand at dips.
There are no major macro-economic
data releases lined up during the week to give
direction to banking stocks. The
August Consumer Price Index-based inflation numbers
will be released only after market
hours on Sep 12.
Bank Nifty had touched a lifetime
high of 16208.55 on Wednesday, when the Nifty
breached the crucial 8000-point
mark. Bank Nifty ended 0.32% below Thursday's close,
but rose about 1.54% during the
week. Traders will be looking at buying Bank Nifty at dips through next week.