HDFC Bank has resistance at Rs 1455: Mohindar

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about HDFC Bank See messages about HDFC Bank HDFC Bank BSE | NSE 10/02/12 Are Mutual Funds betting on HDFC Bank?

Rahul Mohindar of Viratechindia is of the view that HDFC Bank has resistance at Rs 1455. Above Rs 1455, one could see Rs 200-300 points kind of move, he added.

Mohindar told CNBC-TV18, "I really wouldn't say that after this kind of a move, I would put my money into SBI particularly for short term, I agree if you are looking at this market three or six months, that call could be very different and you might be entering in a staggered way from here."

He further added, "HDFC Bank still looks very good as from a short and medium term count, there I think about Rs 1,455 is some resistance but lets say if we get through that, we could see a good 200-300 point kind of move. So for short to medium term, within banking, I would probably like to watch HDFC Bank."