According to IIFL, traders can short HDFC May Future between Rs 745-747 with stop loss of Rs 760 for an initial target of Rs 715, in its April 27, 2011 research report.
HDFC on the daily chart has seen good run up in last couple of weeks and now stock is trading at the resistance area of Rs 740. The resistance is derived based onDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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