HDFC bank have clearly maintained the level's I have told earlier. In this new sceanrio we can see common gaps have been filled, and after that there was no gaps as it was moving in with the right phase. HDFC will face HEAVY ressitance from 960 980 and 1000. Where if 960 broken and candle stays for 15 min can go above 970 and touch 980 but that doesnt seems possible for now. It might move in a channel and then take an upward or downward break.
22nd Market was rallied by Reliance and today's were rallied by Kotak and HDFC.
What analysis say is that there are low chances of gapdown cuz if it slides they will take out in the whole day.
If gives a gapup, instantly short HDFC bank for targets 955 and 950 but be very sure not to short above 970. Short Below 949 for targets 938.
A strong chance of gap filling will be there as once it will set itself for long term movement, it will have no gaps. My targets for HDFC is 851.
Dont be soo bullish in HDFC as they use this as thier weapon to mend market moves. Above 1000 will have great shots.