Small cap banks are Buzzing

It seems that informed buying is taking place in small and midcap banks. After prolonged lull, Tamil Nadu based City Union Bank is started to move up with the news that L&T is said to be accumulating this stock. Indusind bank achieved our target yesterday and poised to move further. Investchips recommends accumulation of DCB and Yes Bank for short-term gains. For the next few days, we recommend concentrate on individual stocks rather than Nifty and sensex. Reliance may surprise many. But we are fed up with the sibling battle and they are really ruining the economy at a crucial period. Though Reliance has huge potential, we are concerned about the safety their assets in India in view of its location and geo-political situations in Pakistan. This single reason is enough to shun this stock from the individual investors portfolio. You can quantify risks not uncertainties.

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