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The Economic Times

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Nifty risks 21,500, HDFC Bank eyes 640, IT rally shows fatigue: Anand James

Indian equities could face another leg of weakness unless the Nifty reclaims 22,800 early next week, with the index strategist Anand James warning that a break below the 22,00022,070 support zone could open the way towards 21,500. He also sees HDFC Banks long-term bullish structure as broken, with the stock vulnerable to 640, while the recent IT rebound appears more like a relief rally than a durable sector rotation.

26 Oct 2026 8:26 am