Rating agencies comments that "Water Crisis" can undermine India rating may get un-noticed to the casual eye.
The rush to the banks, despite the select few, on relative value, will need finally be seen percolating to the rest of the pack too.
One has to wait and see. Clearly the cost concerns appear to be behind.
The only short-term hurdle is HDFC share near the resistance of the last two years and that is not going to go in a hurry. Even if it breaks, it can potentially be a trap.
While Index looks solid, the percolation remains to extend to all areas, slow and steady. Shift from PSU banks to Select Private banks need a close watch.
On relative moves since the Exit polls, NIFTY has printed near 5% whereas the broader sectors that gained more than NIFTY are IT BANK FINANCE to name, while ENERGY and PSU are clear laggards. last near two hours the Index does not print any gains or loses.
Exit Momentum Enter Large Value Caps appear the initial thoughts.
Supports 52200 the new one holds promise for more.
Supports 52450-52280-52150
Supply 52800-53000-53150
The rush to the banks, despite the select few, on relative value, will need finally be seen percolating to the rest of the pack too.
One has to wait and see. Clearly the cost concerns appear to be behind.
The only short-term hurdle is HDFC share near the resistance of the last two years and that is not going to go in a hurry. Even if it breaks, it can potentially be a trap.
While Index looks solid, the percolation remains to extend to all areas, slow and steady. Shift from PSU banks to Select Private banks need a close watch.
On relative moves since the Exit polls, NIFTY has printed near 5% whereas the broader sectors that gained more than NIFTY are IT BANK FINANCE to name, while ENERGY and PSU are clear laggards. last near two hours the Index does not print any gains or loses.
Exit Momentum Enter Large Value Caps appear the initial thoughts.
Supports 52200 the new one holds promise for more.
Supports 52450-52280-52150
Supply 52800-53000-53150
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