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."