Go long on HDFC Bank futures close to Rs 532-534: IIFL

Go long on HDFC Bank futures close to Rs 532-534, says Manoj Murlidharan Vayalar, Associate Vice President -Derivatives, IIFL.

Murlidharan told CNBC-TV18, "ICICI Bank 960 call option, I guess it is as cheap as Rs 3 we have bought that and we are expecting at least Rs 14 in that."
He further added, "We are going long on HDFC Bank futures somewhere close to Rs 532 to Rs 534 keeping a stop loss of around Rs 516 on that and we are expecting close to Rs 560 on that."