Medium- term outlook for HDFC Bank & ICICI Bank

Check out the strategies of Somil Mehta, senior technical analyst at Sharekhan

Smartinvestor: Markets have turned weak after making a marginally positive start. What is your advice to traders for the Nifty for the rest of the trading session?

Somil Mehta: Buy on decline should be the strategy in this market. Key support for Nifty is around 5840/5800 and resistance around 6090/6200.

Smartinvestor: Private sector banks are witnessing selling pressure in early trades. What are the medium-term outlook for ICICI Bank and HDFC Bank?

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