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	HUGH UPMOVE ON PSUBKS ON SAMAJ PTY NEWS (31)   01-Jul-08 11:36 Tracked by (0)   Posted by:   arunshah1965 on ( 01-Jul-08 11:36 ) Rating       Price : BSE: Rs 55.00 ( 0.09 % ), NSE: Rs. 54.75 ( 0.18 % ) expect a hugh upmove in banks as the latest political alignment makes it possible for govt to pass pending reform legislation on banking. reasoning is simple.. the samajwadi party and ten more mps will support the manmohan govt till end of term... the communists will get marginalised (thank god) and the nuclear deal will pass.. all the pending reform legislation that was not possible to pass for four years becoz of communist opposition will now be rammed through.. most of this legislation pertains to the banking sector.. (banking sector regulation act amendments, voting right amendments etc) sector has been smashed out of shape and is due for a rebound if there is a trigger.. the legislation will be the trigger.. expect 80 to 100 % upside as the wildly oversold sector rebounds.. Track Post |  Reply to this post | Track Boarder | Click if Offensive | Rate message