HDFC Bank is Private banking sector .The HDFC Bank was
incorporated on August 1994 by the name of HDFC Bank Limited, with its
registered office in Mumbai,
India. HDFC
Bank commenced operations as a Scheduled Commercial Bank in January 1995. The
Housing Development Finance Corporation (HDFC) was amongst the first to receive
an in principle approval from the Reserve Bank of India (RBI) to set up a bank
in the private sector, as part of the RBI's liberalization of the Indian
Banking Industry in 1994. HDFC Bank was
last traded at Rs 1055.55, up 0.38%.
BSE Code for this stock is 500180 and NSE Code is HDFCBANK.
Month Movement till expiry:
HDFC Bank is strongest stock in
banking sector. It is a share that has always performed well in Indian share
market. After a big move in last trading day with a big range on index, the
next day markets will remain volatile and will surely be sharply moved on
either side. We can short this stock at current level i.e once it crosses
1056.08 it will going down please see the diagram below. And my first target for
this stock is 1045.27.And will exit the trade at 1042.58.So once EQ crosses 1056.08
level please short 1 lot of HDFC bank future.And please wait till expiry. Target for this stock is 1042.58 and
please maintain the stop loss as shown below diagram.
HDFC 1 Lot future is 250 Shares.
Buy:
Sell:
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