Date, 17 Dec 2014: Union Bank of India (BSE 532477, NSE UNIONBANK) has shown remarkable strength over last few weeks, often becoming the first banking stock to go into green while the entire market is in red. Despite Nifty correction of 600 points (7%), Union Bank has held its levels and bounced back rapidly from all corrections. This is a very positive sign, and indicates that strong buying/ accumulation is happening from large investors, and we can see 240-250 level in the next rally. Investors in Indian stock market can buy Union Bank on all corrections and hold for at least 242 by Feb 2015, which will be about 13% gain on today’s close of Rs 215. Union Bank of India is among our top picks in the Indian stock market for the year 2015, with a reliable upside target of 273, which will give 26% gain from current level of 215. Therefore, investors can buy Union Bank at current level and all prices below 200 for good gains in year 2015.
Category Archives: Stock Investments
Stay away from Alibaba – Mark Mobius
This video covers the concerns that Mark Mobius has about the Alibaba shareholding structure, i.e, dual shareholding with promoters having significant control and little recourse for minority shareholders. Its not considered proper in the USA and NYSE should not have accepted such a listing. But commercial considerations have dictated the current situation.
Dr. Mark Mobius, Executive Chairman, Templeton Emerging Markets Group. He earned Bachelors and Masters degrees from Boston University, and Ph.D. in economics and political science from the Massachusetts Institute of Technology (MIT).
Reliance Nifty ETF
Reliance Capital has started Nifty ETF from Nov 2013, and the adoption is still catching up. This ETF is 1/100 unit of the Nifty index. So at Nifty 6000, the ETF will be at 60.
Stock Name: R SHARES NIFTY ETF (or Rel Nifty ETF)
ICICI Direct code = RELET2
Reliance Mutual Fund appears to be maintaining liquidity in this ETF to enable investor adoption, which is good. As the liquidity is not high yet, this ETF is best suited for investors who want to buy 100-500 ETF shares per purchase, and hold them for over a year. This ETF is not yet suitable for trading, however, it could be ready in 6-12 months. As of now, Nifty trading is best done via Nifty futures. Continue reading Reliance Nifty ETF