Stock of the day : HDFC Bank Ltd For Target Rs. 43 - Religare Broking Ltd
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HDFC BANK LTD
* HDFCBANK has been in a corrective phase after hitting a life of 1757.50.
* It has been forming series of Lower highs and lower lows indicates weakness in overall trend.
* The stock has drifted lower after finding resistance around its short term average suggests bearish tone to continue.
* We thus recommend creating shorts through the Put option.
BUY 1500 NOV PE HDFC Bank Ltd CMP 21.85; Range 21-23 SL 11 ; Target 43
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SEBI Registration number is INZ000174330
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