Sensex will touch 31,000 level ..

The bull has not yet subsided . FII brokerage house next to the legendary city described in the Sensex level of 31,000 . Let us know FII brokerage house Citi and Bank of America Merrill Lynch veteran of what to say next .

FII brokerage houses City expected the sensex is to go up to 31,000 by December 2015. City Pharma , cement , banks , energy sector has overweight ratings . The capital goods , auto and IT sectors have kept neutral outlook .

Bank of America Merrill Lynch says that an announcement in the credit policy is not predictable . RBI may cut rates in February 2015 . According to Bank of America Merrill Lynch in the short term the market will remain in scope . Further 4-5 per cent decline in the market is possible .

Bank of America Merrill Lynch auto , cement , banks , oil & gas sector has maintained overweight rating . PSU banks like SBI, PNB , Bank of Baroda , private sector banks, ICICI Bank , HDFC Bank , Yes Bank , the auto sector, Maruti , Tata Motors , ONGC and Oil & Gas sector is their top picks .

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