et_marketsabout 4 hours ago
BULLISH(90%)
sell
Published on the original source: 1 Apr 2026, 2:06 PM IST
Market momentum turning positive, more upside likely: Rohit Srivastava
Read original sourceAI Analysis
The banking sector, particularly PSU banks, is showing recovery signs after a period of potential weakness (as suggested by older context). Improved market sentiment could lead to renewed investor interest and better valuations.
Trading Insight
Look for long opportunities in PSU banks with improving asset quality and credit growth, maintaining strict stop-losses.
Quick check: NIFTY neutral, HDFCBANK bearish bias (oversold).
Key Evidence
- •Indian equities experienced a significant rebound, with the Nifty climbing nearly 500 points.
- •Technical indicators suggest a potential shift in market sentiment, hinting at the end of a selloff and the start of a durable uptrend.
- •PSU banks and IT stocks are showing signs of recovery, offering near-term trading opportunities.
- •The market is moving towards selective optimism.
- •Risk flag: Sustainability of the market rebound
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