LIC stake in HDFCBANK will come into effect?
As we can see despite the weakness, BANKNIFTY managed to close strong with hammer kinda candle in daily time frame. Despite BANKNIFTY closing below the psychological level, we can still expect BANKNIFTY to show strong reversal which could also be fuelled by the approval of LIC which can have over 9.99 percent stake in HDFCBANK so plan your trades accordingly.
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