HDFC, LIC Housing, CanFin Homes: RBI measures likely to keep stocks buoyant

Stocks of housing finance companies gained ground post the RBI policy on Friday. Will the up move sustain? Here's what technical charts say

Shares of banks and non-bank finance companies, including housing finance, gained ground on Friday after the after the Reserve Bank of India (RBI) announced liquidity boositing measures while keeping the key rates unchanged.

LIC Housing Finance, Mahindra & Mahindra Financial Services, Indiabulls Housing Finance, PNB Housing Finance, Housing Development Finance Corporation (HDFC) and Repo Home Finance were up 4 per cent to 9 per cent in intra-day trade today. READ ABOUT IT HERE

Given the developments, is it time to buy HFCs from a short-to-medium term or will the rally fizzle out? Here's what charts say. 

LIC Housing Finance Ltd