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BANKING STOCKS PUTTING PRESSURE ON DOWNSIDE

 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


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