Nifty needs to cross and sustain above 4360 for further movement. 4480 would be a strong resistance above which markets would gain alot of strength.
After UPA trust vote banking, insurance and power sector reforms were expected. A little later than expected but "Govt approves Rs 17,033 cr for power reforms". Power stocks should be the focus again.
Insurance sector reforms would be really good for banking companies into insurance like ICICI and SBI. The real value unlocking would happen then. So watch out for those reforms for fantastic returns from that sector.
Stock wise watch out for SBI BOB Bank of Rajasthan, AB NUVO, Hindustan Zinc for strong moves. Take positions only above thursdays high. Stop loss of 2%.
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