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
HDFC has declared impressive results , however as a normal trend the scrip at present is in down trend . You may sell now and enter after3/5 sessions. However if sudden uptrend starts, you will miss opportunity to reenter.
Federal Bank is in short term uptrend , however considering its small loan portfolio and limited geographical spread, Federal Bank can provide limited upside even in the long term ( except some takeover news come)
Yes Bank , after its recent FPO has book value above its current market price,Much larger loan portfolio, much larger branch-spread and higher chances that it is handed over to some private player,I believe Yes bank in 18/24 months can give much much higher returns on current market price.
Central Bank : May show some rise
HCC: no scope for rise in short term , Sell
SBI life: Will give returns in the short term few weeks
Rail Vikas : Good only for long term
Bandhan Bank: a bit risky but will go up
IDFC first : Good for short term and long term
Opto circuit : operator driven scrip. Not suggested for long term portfolio
Vodafone Idea. : Risky , but Hold at this low price
Nippon : Shift to SBI life
Bhel : May Retain, Can give returns after months or shift to Federal Bank
Fear of crash is very high and the reason is very clear. The economy is in distress and stock market is mirror of economy. So with weak economy, the market cannot remain up for longer time. Yet hope for medicine and stimulus packages across the world are keeping the index upward. However in the short term correction led by Reliance is due .
Federal bank will also decline during that phase. However the investment is from your own funds, then hold the same.