Mar 05, 2013, 02.25 PM IST
Sudarshan Sukhani, s2analytics.com likes PSU banking stocks. "I think Canara Bank and UCO Bank are ready to breakout today," he adds.
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Sukhani upbeat on PSU banking stocks
Sudarshan Sukhani, s2analytics.com likes PSU banking stocks. "I think Canara Bank and UCO Bank are ready to breakout today," he adds.
Like this story, share it with millions of investors on M3
Sukhani upbeat on PSU banking stocks
Sudarshan Sukhani, s2analytics.com likes PSU banking stocks. "I think Canara Bank and UCO Bank are ready to breakout today," he adds.
Sudarshan Sukhani
Technical Analyst
Sukhani told CNBC-TV18, "Public sector undertaking (PSU) banks are favourite. I think Canara Bank and UCO Bank are ready to breakout today. The other two large banks are Punjab National Bank (PNB) and State Bank of India can be considered for trades that carryover for few days. Buy options if one does not want to take a big risk. That is the recommended strategy."
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Policy
Naina Lal Kidwai
Country Head | HSBC India
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
What got Cheaper / costlier?
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