Banking on Bank of India

BANIND: This is a stock that we have traded very often. We initially screened then stock around 155 and bought on declines upto 140. Since then the stock has done really well. We exited 50% of our holding when it hit 200 for the first time. Since then it has moved to 215 and is now correcting.

We can initiate a buy on this at about 190-195. The target for this stock is abt 270. What we really like abt this stock is the very high volumes that is traded on a daily basis.