The latest analysis and commentary by stock market guru Amit Gupta, Head-Derivatives, ICICI Direct on what is moving the markets today.

He also spoke at length on Reliance Industries, Syndicate Bank and Petronet LNG.

“Today in buy side we have the PSU banking space because I think the time has come as we are moving towards expiry more short covering is likely to play into the PSU banking. Because you rightly said some time before the yields have come down and the rupee is still in the appreciation mode. Syndicate Bank was taking quite a hurdle around Rs 36 levels once it is above this so the trend maybe on the higher side for target of around Rs 41 or 42. So buy this stock.

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