<div id="readability-page-1"><div id="contentdata"><div> <h2>Milan Vaishnav is the founder of Gemstone Equity Research &amp; Advisory Services</h2> </div> According to Milan Vaishnav (CMT, MSTA), the markets are staring at an imminent technical rebound even if the overall trajectory remains downward, even though he is keenly watching the 50-week MA which is presently at 23,304.If this level is violated then the Nifty testing 23,000 cannot be ruled out, he said in an interview to Moneycontrol.He believes Bank Nifty is looking better on the charts. Going ahead, the banking index is likely to stay relatively stronger and relatively outperform the other indices, said the founder of Gemstone Equity Research &amp; Advisory Services who spent nearly two decades in the capital markets.Considering the bearish sentiment, do you see the Nifty hitting 23,000 first before getting into strong upward journey?I would look at this in a slightly different way. The sentiment is ofcourse bearish; what we have witnessed over the past weeks is a painful mean-reversion of the markets. Nifty has currently closed a notch below the 200-DMA (Daily Moving Average) that currently stands at 23,574. I am keenly watching the 50-week MA (Moving Average) which is presently at 23,304. If this level is violated then the Nifty testing 23,000 cannot be ruled out. However, I feel that a percent here or there, the markets are staring at an imminent technical rebound even if the overall trajectory remains downward.Will the Bank Nifty look better on charts compared to Nifty 50?Yes, Bank Nifty is better on the charts. The reason is that this index is showing strong improvement in its relative momentum against the broader markets. It enjoys greater Relative Strength against both Nifty 50 index as well as the broader Nifty 500 index. Going ahead, it is likely to stay relatively stronger and relatively outperform the other indices.Which are the two stocks looking strong on charts and technical indicators?I will prefer to keep my eye on large-caps. HDFC Bank is very resilient; it enjoys strong Relative Strength against the broader markets. Any move above Rs 1,790 will lead to a strong multi-month breakout in the stock. It is expected to relatively outperform the broader markets.Reliance Industries is the other stock that I am looking at from a short to medium term perspective. Although the stock has been on a decline and has been relatively underperforming, it has shown strong signs of potentially putting a base in place. It is likely to improve its relative performance going ahead from here.Globally as well, I am expecting the energy space to stay resilient and relatively outperform the markets.Are you bullish on Federal Bank?Yes, Federal Bank is in a continued uptrend. It's on a rising trajectory forming higher tops and higher bottoms on the long-term charts. Any move above Rs 210 is likely take the stock meaningfully higher from current levels.Your take on Mahindra and Mahindra?M&amp;M has been consolidating over the past few days; any close above Rs 3,000 has the potential to take the stock higher.What is real significance of 200 DEMA? Does the maximum stocks above 200 DEMA mean the market is in bullish phase?The 200-day Exponential Moving Average (DEMA) is a key long-term trend indicator used to gauge overall market sentiment. A majority of stocks trading above their 200 DEMA often signals bullish market conditions, reflecting broad strength. However, this should be confirmed with other indicators and market context to avoid false signals.Are you big buyer in Indian Hotels?On a personal note, no I am not. However, the stock is in a strong uptrend and one can certainly stay invested in this stock until the charts tell you otherwise.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.</div></div>

HDFC 银行

米兰·瓦伊什纳夫（Milan Vaishnav），Gemstone Equity Research 的创始人，预测尽管市场呈下行趋势，但即将出现技术性反弹。他强调了 23,304 的 50 周移动平均线的重要性，并警告如果突破该水平，Nifty 可能会测试 23,000。瓦伊什纳夫认为银行 Nifty 将优于其他指数，并推荐 HDFC 银行和信实工业作为强劲股票。他还提到联邦银行的上升趋势以及马恒达（Mahindra and Mahindra）在 3,000 卢比以上的潜在突破。200 日双指数移动平均线（DEMA）是市场情绪的关键指标，股票在其之上表明看涨条件

图表分析师谈话：尽管市场呈下降趋势，反弹即将到来，米兰·瓦伊什纳夫表示