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Dear Friends,
Allahabad Bank is mainly focusing on Overseas Market like Hong kong & shanghai & i personally feel that their business momentum will slow down in the coming months.
They can do a much better business in home land "INDIA" & Much better players are there in Banking field than Allahabad bank
Stock can Consolidate from here on & those who hold longs should exit at current levels
Positional shorts are entertained at current levels 232-233 in futures , for a probable short term target 215 -210 with a stop at 236 , our ultimate target 195-187 .
Good luck
Allahabad Bank is mainly focusing on Overseas Market like Hong kong & shanghai & i personally feel that their business momentum will slow down in the coming months.
They can do a much better business in home land "INDIA" & Much better players are there in Banking field than Allahabad bank
Stock can Consolidate from here on & those who hold longs should exit at current levels
Positional shorts are entertained at current levels 232-233 in futures , for a probable short term target 215 -210 with a stop at 236 , our ultimate target 195-187 .
Good luck
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