Wednesday, March 24, 2010
SYNDICATE BANK
Government is expected to infuse 9000 crores into PSUs "... it is widely expected that Uco Bank, Bank of Maharashtra, Indian Overseas Bank, Syndicate Bank, Dena Bank, among others, will make the list.." Syndicate Bank is seeking to clean up its balance sheet. It opened up 50 branches earlier this month, and 85 so far this year (many in rural and semi-urban areas). The stock has support at 78 and is trading in the range 78-106. Nice trading opportunity here.
Here is the weekly chart.
Labels: Stock
by Admin at Wednesday, March 24, 2010 |
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