HDFC bank breaking a major resistance

12 de jun. de 2024

Bank Nifty has underperformed this year compared to benchmark nifty largely due to NIM. Also it is expected that the RBI may cut rate before their US counterpart . In such a scenario HDFC is a good value bet plus it is about to test a major trendline giving an opportunity to make an ideal entry. However it may take a month or so to see some major moves. Upcoming gov. policy may also trigger big moves.

4 de jul. de 2024

Nota

Data suggests labour market easing in the US; fueling hopes of early rate cut. It is also possible that the RBI may do the same given that we have a good monsoon which will be a major factor controlling food inflation. Also keep an eye for deposit ratio which will be the most important factor for banks going forward.