Rajesh Bhosale from Angel One anticipates a strong upward trend in State Bank. He advises purchasing it around 818-820 levels, setting a stop loss at 802, with a target of 855. Bhosale is also optimistic about Muthoot Finance. He notes a flag pattern on the daily chart.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise