Rajesh Bhosale of Angel One suggests a bullish outlook on ICICI and HDFC Bank, anticipating ICICI Bank to lead the momentum. Nifty and Bank Nifty have bounced back from their 50 EMA, with Nifty expected to trade between 24,900 and 25,250. However, Reliance Industries is showing weakness, potentially retesting levels of 1400, advising investors to wait before buying.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is