📰 ET Markets 🟢 BULLISH 🕒 26 Oct 2026, 08:26 AM IST

Nifty risks 21,500, HDFC Bank eyes ₹640, IT rally shows fatigue: Anand James

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Core Development: Nifty risks 21,500, HDFC Bank eyes ₹640, IT rally shows fatigue: Anand James

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Market & Financial Impact: Indian equities could face another leg of weakness unless the Nifty reclaims 22,800 early next week, with the index strategist Anand James warning that a break below the 22,000–22,070 support zone could open the way towards 21,500. He also sees HDFC Bank’s long-term bullish structure as broken, with the stock vulnerable to ₹640, while the recent IT rebound appears more like a relief rally than a durable sector rotation.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

While 22070 appear as a fair support, unless we get back above 22800 early next week, expect bear grip to tighten, and we would have to deal with a fresh downside break with 21500 as the first objective.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Nifty risks 21,500, HDFC Bank eyes ₹640, IT rally shows fatigue: Anand James

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