HDFC Bank & Bank Nifty Hit Record Highs
HDFC Bank touched a new lifetime high of ₹2,023, while Bank Nifty surged past 56,000. This marks a strong breakout driven by robust buying, short covering, and strong FII flows.
What’s Driving the Rally?
Strong buying in private banks like HDFC and ICICI
Low India VIX indicating bullish momentum
Positive global cues and FII inflows
Technical breakout above key resistance levels
Is the Bull Run Over or Just Starting?
Experts suggest the rally may continue if Bank Nifty sustains above 56,100. Targets of 59,000–60,000 are possible. However, overbought conditions may lead to temporary corrections.
Key Support & Resistance Levels
Bank Nifty: Support at 55,500, Resistance at 60,000
HDFC Bank: Support at 1,950, Potential target 2,100
Frequently Asked Questions (FAQ)
Q: Is the market rally sustainable?
A: If key support levels hold, the uptrend may continue in the near term.
Q: What stocks are leading this rally?
A: HDFC Bank, ICICI Bank, Axis Bank, and SBI are showing strong strength.
Q: Should I invest now or wait?
A: New entries should be on dips near support zones, with a stop-loss.
Q: What could end the bull run?
A: Rising global volatility, negative policy news, or profit booking at highs.
Published on: June 29, 2025
Uploaded by: PAVAN
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