Stock update: Carana Bank(Positional call)

About Canara Bank:

Canara Bank, incorporated in the year 1996, is a Large Cap company  and having a market cap of Rs 18,998.37Cr. It is a  Corporate Banking and It provides various services to its corporate clients such as Cash Management Services, loans, IPO monitoring services, etc. NRI Banking– Besides various personal banking products it also offers remittance services, consultancy services to its NRI Clients. It also offers various products and services to priority and SME sector.

The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks.

BSE Code For this stock is 532483 and the NSE Code is CANBK.

Latest announcement:

CANARA BANK among 200 most Reputed Companies in the World.In a recent survey of India  consumers conducted by Reputation Institute (USA), Canara Bank earned a Global Reputation Pulse  rating of 73.34 placing it 8th on a list of the largest companies in India , Canara Bank's Reputation  score is above the average rating of all Companies rated by consumers in 32 countries, and places  Canara Bank in an elite group made up of the 200 best Regarded companies in the world.  Canara Bank's global rank is 103. Among the only 4 Indian banks (all PSBs) in the first 200.  Canara Bank ranked second below SBI (29th rank) and above BOB (175th rank) and  PNB (178th Rank). Expected movement for this Month: Buy:

Canara Bank was last traded at Rs 399.80, up 1.98%.we can buy Canara bank stock when canara bank Equity crosses 402.64 level. so my first target is 409.35 and second  target is 411.04 (You can exit at this level). Finally my exit target for this month Buy is 412.73.So small investor can buy the 400 call option when it reaches 402.64 level.  For Big investor can buy Canara bank future at when Canara bank equity crosses 402.64 level. Short: According to last month high and low, we can short this stock when it crosses 395.98.  So my first target is 389.37, second target is 387.73 and exit target for short is 386.09.we can short the Canara bank future at 395.98 level. Please find the below table.