HDFCBANK RESULTS PUTTING PRESSURE ON BANKING STOCKS. BANKNIFTY TRADING BELOW 40 DAY MOVING AVERAGE WHICH IS FIRST WEAKNESS SIGN. PROBABLY MAJOR TREND REVERSAL ON CARDS ONLY ABOVE 46600 LEVEL, BANKNIFTY CAN GIVE US HOPES OF SHORT COVERING UNTIL THEN EVERY BOUNCE IS FACES SELLING PRESSURE. STAY ALERT. REGARDS, SURYADEV BANDARI RESEARCH ANALYST