laurence balanco

PSU banks will continue re-rating; SBI, ICICI Bank & Axis Bank poised for a breakout: Laurence Balanco

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PSU banks will continue re-rating; SBI, ICICI Bank & Axis Bank poised for a breakout: Laurence Balanco

“You can see from foreign flows perspective that that rebound in China is detracting from some of the investment in India. I do not think it changes the longer-term trends, but we are in one of those holding patterns similar to the fourth quarter of 2023,” says Laurence Balanco, CLSA.What is the take on India … Read more

S&P Index | Nifty: If S&P breaks below 3,800, Nifty likely to fall below 16,800: Laurence Balanco

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S&P Index | Nifty: If S&P breaks below 3,800, Nifty likely to fall below 16,800: Laurence Balanco

“S&P over the past four months has been trading in the 3800-4100 range. Should the S&P break below that 3800 area, that would increase the probability of a Nifty break below 16,800,” says Laurence Balanco, Technical Analyst, CLSAFor the S&P, a break below 3,800 really opens the door for a retest of the October lows … Read more