For HDFC Bank, we can look at rallies back to Rs 1,485-1,500 in next few trading sessions: Vishal Malkan
Vishal Malkan, Malkansview.com, says that in case of HDFC Bank, “the intermediate low has been made at around Rs 1,380 and we can look at rallies back to Rs 1,485 to 1,500 in the next few trading sessions. It could be a good trading call. Again, from a long-term perspective, it has to cross many hurdles before it gets into that bullish mode on the monthly chart. But at least for the daily chart, we can have a good swing trade up to 1500.”
What levels to watch out for in Bank Nifty? A grudging move in HDFC Bank seems to be taking the Bank Nifty higher?
Vishal Malkan: Yes, Bank Nifty was struggling with 47,000 since the last few weeks. We have seen that it has not been able to cross that. Today, it looks quite positive… Once it closes above that 47,100 mark, we can easily look at another 600 to 700 points which could be a couple of days’ play for Bank Nifty.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitWhat are your top stocks to watch out for on your radar or any setup which you are studying on your charts?
Vishal Malkan: One of them would be NTPC, which is showing good momentum today and it has taken out that high of 340 in the last couple of days and after a good rally, it took a halt and now it is resuming the rally. So, there is further momentum and we can look at targets of around Rs 360 -365 in the next few
