HDFC Bank Slump Drags Markets Lower; Rail Stocks Seen as Buying Opportunity
• HDFC Bank shares have fallen 13% in 2 weeks; support shifted to Rs 1,380 level • Nifty trend turned bearish after breaking 21,800; next support at 21,000 • Bank Nifty fate tied to HDFC Bank; next support at 44,000 • Opportunity to add railway stocks like RITES and RailTel on dips • Zee Entertainment has fallen 44% in January; better to avoid catching the falling knife