We are of the view that as long as the stock is trading above 795, the uptrend wave is likely to continue. Above this, it could move up to 840-860. On the flip side, below 795, positional traders may prefer to exit from the trading long positions.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger