finoshn
Long

HDFCBANK at an important support level of 1239.

NSE:HDFCBANK   HDFC BANK
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HDFCBANK has defended the level of 1239 quite well in the recent past. Considering the strength of the stock and limited downward move of NIFTY , this level is poised to be quite defensive again. Buy at 1240 and aim for a level of 1250 and 1255.
NSE:HDFCBANK
Comment: Achieved the first level of target at 1250 today (24-1). If willing to risk it, aim for 1255. The gap down previously witnessed could get filled.

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