Sudarshan Sukhani of s2analytics.com shares his view on HDFC Bank .
Sukhani told CNBC-TV18, "HDFC Bank has done what we hope the Nifty will do today or tomorrow. It has already crossed its bull market highs, the current uptrend highs equivalent to 5400, it is already trading at new highs for this uptrend, that's good news, which tells us there is more momentum. Friday's momentum should be sustained because if the Nifty is going to go up, these heavyweights are going to participate in it. So all said and done, new highs should be bought into."
He further added, " VIP Industries has disappointed in terms of the rally we have seen. It was a relief rally - that's almost clear. It fell from Rs 185 to Rs 70. The rally in terms of percentage has been significant but even now it's at Rs 110. It is far away from Rs 185. That Rs 185 is equivalent to 5400 on the Nifty. So VIP is now turning around and it is probably a sell even if the Nifty were to go up. Maybe some internals are not looking good but the market is not liking it."
