bankex – Cash The Chaos https://www.cashthechaos.com Mon, 04 May 2026 19:30:45 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Health of banking stocks vital https://www.cashthechaos.com/health-of-banking-stocks-vital/ https://www.cashthechaos.com/health-of-banking-stocks-vital/#comments Mon, 05 Jul 2010 05:36:41 +0000 http://www.cashthechaos.com/blog/?p=294 For the first time since 2009 cracks have started to appear amongst India’s banking stocks. ICICI bank is showing considerable weakness and a close below 815 may weigh heavily on the banking index. HDFC bank is showing potential for a double top – of course this is not fatalistic but a close above 2025 will neutralise the negatives. A prudent investor/trader must watch the Bankex Index for clues to how the Indian markets are going to resolve.

BSE Bankex Line chart - Source Bloomberg

A close below 10100 for the Bankex would be a warning sign for further weakness in Banks and as a consequence for the broader indices – Nifty and Sensex.

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