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Bank Nifty trades at crucial juncture; HDFC, ICICI Bank charts hint this

Business Standard LogoBusiness Standard2d ago

Bank Nifty trades at crucial juncture; HDFC, ICICI Bank charts hint this - Business Standard

Quick Summary:

Technical chart, however, shows that the stock has been unable to conquer its 100-DMA (Daily Moving Average) hurdle on multiple attempts.

CLICK HERE FOR THE CHART  Therefore, the near-term bias for HDFC Bank is expected to remain tepid as long as the stock remains below Rs 1,735.

Near support for the stock exists at Rs 1,200; whereas as interim resistance can be expected at Rs 1,238, Rs 1,244 and Rs 1,267 levels.

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Bank Nifty trades at crucial juncture; HDFC, ICICI Bank charts hint this - Business Standard (Picture 1)

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 10:56:39 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 795 words

Reading Time: 5 minutes read

Sentences: 19 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26716577

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 115 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Bank Nifty trades at crucial juncture; HDFC, ICICI Bank charts hint this" was covered 2 days ago by Business Standard, a news publisher based in India.

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  • URL: https://beamstart.com/news/bank-nifty-trades-at-crucial-17413263134582

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