HDFC Bank s technical analysis suggests bullish momentum with higher lows and promising candle formations. Analysts anticipate a breakthrough above resistance at Rs 1525, targeting Rs 1560. Option strategies like Bull Call Spread are recommended for potential upside gains.
The immediate supports for the Nifty index are placed around 22,700 and 22,500, while on the higher side, the index has the potential to rally towards the 23,400-23,500 zone.
TVS Motors closed near resistance at Rs 2,191, poised for an upmove. Analyst Deven Mehata recommends a bull call spread strategy to capitalize on potential gains with a focus on highest put writing, ATM, and OTM option.
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<p><b>Monday, May 27, 2024</b>: The Exchange will open at its regular time at 6:00pm ET on Sunday evening for trade date Monday, May 27, 2024. The Exchange will list a limited offering of contracts and will close at 5:00pm ET. Contracts will be listed as follows:</p>
Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30.