1. If trades above 1250 and sustains above it on 30 min candle close, It will lead to fresh breakout in HDFC Bank . Go long with SL of 1242 for target of 1270/1300/New ATH .
2. Shorts should be triggered only below 1235 with SL of 1245 for target of 1222.
Remember HDFC bank is major contributor to BankNifty . If HDFC bank give fresh breakout and ICICI bank already in upmove, BankNifty can go like wild horse.
Only concern is Nifty is still in consolidation while Banknifty is in run.