Hold Allahabad Bank

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As mentioned a number of times here in this blog, those who are holding Banking/Bank, Real Estate, Construction, Metal and Auto counters are expected party (make merry) this week, after the RBI went full gung-go and cut the rates by more than the expected levels. This will probably, herald the beginning of new phase of Bull run which could take the Nifty beyond 5750. If you remember, I had asked all to close the short position on the last Thursday.