Nifty And Sensex Fall Sharply: Is It The Best Time To Add RIL And HDFC Bank In The Portfolio?

Nifty and Sensex have fallen sharply—so is it the right time to add RIL and HDFC Bank to your portfolio? Osho Krishan, Senior Research Analyst - Technical & Derivatives at Angel One, suggests this is an opportunity to accumulate market heavyweights. He sees the recent correction in HDFC Bank as a buying opportunity, noting that after consolidating between Rs1640 and Rs1620, the stock is showing signs of upward movement. Investors should consider adding HDFC Bank with resistance levels around Rs 1680-1700. As for Reliance, despite its recent breakdown, Osho Krishan views the steep fall as a good entry point for long-term gains in RIL.