Below Rs 690, HDFC can slip to Rs 665-670: Bothra

Below Rs 690, HDFC can slip to Rs 665-670, says Kunal Bothra, Sr Technical Analyst, LKP.

Bothra told CNBC-TV18, "Bank of India, Kotak Mahindra and Axis Bank have already taken a huge hit in the last four days but I think something like an HDFC, if you are looking for a short, will probably attract shorters because its not fallen that much as compared to the other banks and its trading on that Rs 700 mark." He further added, "If it breaks Rs 690 in the coming few sessions, you might see a level of Rs 665-670 on HDFC. So probably HDFC and HDFC Bank are the two probably shorts in the banking sector at this point of time."