Fundamentally, all 3 bank scrips are ready for run. However for next few sessions, Bank Nifty and leading bank scrips are expected to show weakness ( to allow Reliance and other heavy weight scrips to move up) and hence for next few sessions, you will find weak trend in these scrips. Hold.
Just dial now at Rs. 385 is in down trend and will continue down trend in coming day.
VRL logistics is in down trend CMP Rs. 148 and it will continue to decline in coming day.
At present , nothing is safe and most of the scrips move when the operators wish. So please study our short term trend analysis every day or long term investment analysis
The Scrip now at Rs. 125.55 is in strong uptrend and during next 4 weeks, it will show strong rise. Hold.
The scrip is in strong uptrend and will provide good returns in short term. Merger with Tata steel will also bring in good returns to the long term investors.
Short term trend for Banknifty is down and HDFC bank which has highest weight in Bank nifty is also showing down phase and will continue such down trend for next few sessions. Thereafter strong uptrend is expected. If you have bought this scrip out of your own funds, you may retain in this short down phase.
The peculiarity of such scrip is , they show sudden change in trend. So if you sell now , with the intention of entering at lower price, you may fall flat
Last quarter result shows improvement. Short term buying has also started. However overall bank stocks and Bank nifty are at present in down phase and hence this scrip will also remain under pressure for next few days. There after strong rally is expected.
Cholamandalam is good scrip and the promoters have strong reputation. Along with Bank nifty, the scrip can offer strong run in the coming sessions. You can buy or retain this scrip
From fundamental angle the scrip doesnot show any hope. If we go by buying interest, the scrip has moved up sharply during last few sessions and now it is a bit risky to enter at this stage, since marginal of gains is less than risk of fall