BANK OF BARODA LTD; STOCK CALL

                  CMP 775                        BSE 16751

A closer look at the PSU Banking space is warranted at this stage, particularly if one already has exposure to the top five Private Banking picks ie ICICI BANK, HDFC BANK, AXIS, YES BANK, and INDUSIND BANK.

• On the upside, resistance exists at 780 followed by 810 and then 822.
• On the downside, supports are at 755 followed by 717 and then at 700.
• Broad trend is very positive over a medium term time frame.
• Fundamentally, in my opinion, it is one of the top-picks from the large cap PSU Banking space alongwith SBI, PNB and possibly CANARA.

My Call is a BUY at CMP and all dips for the long term investor, with possible upsides of 30% plus over the next 12 months. The upcoming Results would determine the short term trend but let us remember that Q2 numbers were good.