BN has decided that it will cross 33000 by Jan end. It's propelled by it's own steam. Nifty has lost momentum and is waiting for fresh indications. On the down side if BN falls below 32700 it will touch 32560. But we will stay on the long side bcoz it's on the long side
HDFC Bank 1476/ 1486 by 27th / 28th Jan
Banknifty 31500 by 27th Jan. Banknifty will start it's budget rally from tomorrow. We may see some bouts of volatility. However we will touch 31500 once before going up or down.
Idea - 10.60 / 9.00 by 28th Jan / 2nd Feb
HDFC Bank 1432 by 25th Jan. Along with other banks, HDFC Bank is also being dragged down to a certain extent to 1432. I hope that this does not go down further.
BN may drop to 30965 / 30497. This is the start of the volatility week. The week prior to the budget. And the news of the proposed taxes in the budget is not making matters any better. Let's see if things do improve we may go back up to 31628.