Moneycontrol
Feb 17, 2017 08:21 AM IST | Source: Moneycontrol.com

HDFC Bank, Cadila in focus

Now bulls won’t get a better chance than today to take out 8,820 because HDFC Bank could rally 5 or 6 percent straight away at open and that would mean huge contribution. Almost, 40 point contribution to the Nifty.

Well, the market is back, the bulls roared back yesterday and this correction may have ended. Now bulls won’t get a better chance than today to take out 8,820 because HDFC Bank could rally 5 or 6 percent straight away at open and that would mean huge contribution. Almost, 40 point contribution to the Nifty. So, if today 8,820 is not taken out then we have a problem. But, what this market has established is that this is a market in which you got to buy dips and don’t chase momentum.

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