HDFC BANK LTDHello & welcome to this analysis on India's largest bank
A strong uptrend which has recently seen a sideways corrective and the record date announcement of its merger with HDFC LTD could now see it give a strong up move pre-merger.
If it manages to hold 1590-1610 then above 1670 it could rally till 1750-1850.
Failure to hold 1590 could take it down towards 1560-1475-1350
Overall at the current level structure remains bullish with a good risk reward opportunity.
Happy Investing
Largecapstocks
Why are investors turning their attention to mid-cap stocks?This will be the 2 questions we will be discussing today
1. So, what is happening on this divergence and its implication?
2. And who is leading who?
a. Large cap leading the mid-to-small cap market? Or
b. The mid-to-small cap leading the large cap market?
The answer: The mid-to-small cap is leading the large cap market and why is it so?
If recession hits, hypothetically mid-to-small cap stocks employing the majority of the work force or employees in United States will be the most affected, this huge workforce is also considered as the mass consumer.
The large cap stocks, their business depends on the mass consumer. If the mass consumers start to tighten their belts, the large cap stocks revenue will also be affected subsequently.
Some reference for traders:
E-mini S&P MidCap 400 & Option:
Outright:
0.10 index points = $10.00
Micro E-mini S&P MidCap 400:
CME ClearPort:
0.05 index points = $0.50
E-mini Russell 2000 & Option:
Outright:
0.10 index points = $5.00
Micro E-mini Russell 200
Outright:
0.10 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
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