Sustain below 1144, expect 1090-1055 in the days ahead
Q3FY16 result is below street estimates with higher provisions for bad loans
But less pressure from RBI on NPA disclosure issue
may provide some support to HDFC
CMP: 1170
Sell on rise around: 1180-1200
TGT1: 1144*-1120-1090*-1055 (1-3M)
TGT2: 1025-1000-965-945*-915-880 (6-12M)
TSL>1220
Note: Consecutive closing above 1220 for any reason, HDFC may rally up to 1250-1275 & 1300-1350-1400 in the mid to long term
Analytical Charts:
No comments:
Post a Comment