as indicated in
my note
yesterday, the
10% crash for
banking has
started. the
psu's banks
will be the
worst affected.
the liquid
psu's like boi,
bob and others
will be
hammered and
later the
medium to small
time traders
will hit the
slightly
illiquid stocks
like andhra
bank,
syndicate,
vijaya etc .
since the gap
in the
valuation
between larger
psu's and
smaller
increases, this
will further
support the
view to sell
smaller psu
stocks w(the
one's which
have futures).
since there
will be low
volume it will
be easier to
sell. the last
ones to crash
will be private
banks. look at
axis its still
hanging to its
support at 705,
though it has
come down from
its high 2 days
back....relianc
e cap, kotak,
axis all will
crack.....
