anand james

Private bank stocks showing recovery signs with long build-up, delivery buying: Anand James

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Private largecap bank stocks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank, which together form around 60% of Bank Nifty, saw Long buildup or shorts being covered on a week-on-week basis, says Anand James, Chief Market Strategist, Geojit Financial Services. “Delivery buying has started to pick up this week in the case of … Read more

Nifty Bank oscillators screaming overbought at top of their voice: Anand James

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Following the nearly 2,500-point rally in Nifty Bank last week, oscillators are clearly screaming overbought at the top of their voice. “But this is a classic case of bullish phases. The fact negative divergences are visible in weekly and monthly timeframes signals volatility ahead, and cautious against fresh positions, but to let profits run,” says … Read more