My analysis
INSTRUMENT: HDFC BANK
TIME FRAME: DAY
Other time frames for confirmation:
1hr, 3hr, 4hr & day time frames.
INDICATORS AND THEIR TRENDS:
PSAR: Bullish
STOCHASTICS: Bullish SUGGESTED TREND: Bullish
Technical levels for End of day:
CMP: 990.40
Buy above: 978.50
SL: 950
TARGET 01: 982
TARGET 02: 986 , 996, 1001
HDFC BANK is it is expected to be bullish on a short term basis. We are expecting that if it stays above 1042 then we may even see 1051, 1076, 1085 levels also.
INSTRUMENT: HDFC BANK
TIME FRAME: DAY
Other time frames for confirmation:
1hr, 3hr, 4hr & day time frames.
INDICATORS AND THEIR TRENDS:
PSAR: Bullish
STOCHASTICS: Bullish SUGGESTED TREND: Bullish
Technical levels for End of day:
CMP: 990.40
Buy above: 978.50
SL: 950
TARGET 01: 982
TARGET 02: 986 , 996, 1001
HDFC BANK is it is expected to be bullish on a short term basis. We are expecting that if it stays above 1042 then we may even see 1051, 1076, 1085 levels also.