1. One should be holding HDFCBank for positionally long for target open with SL 1389.
2. 1374 should act as a good support now. Any moves towards 1374 is a long opportunity with SL of 1360 for target of 1389/1405/new ATH . This can be positional trade as well.
2. 1374 is now composite profile .
3. Go short only if 1353 breaks with SL of 1360 for 1342/1328/1309.
As HDFC bank is near All time high, i would never suggest you to take short trade. However these levels can be used for finding support in BankNifty as HDFCbank is major constituent in BankNifty .
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