Accumulate HDFC on dips, bullish on ICICI Bank: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "HDFC broke out of Rs 1,402 which was its life high. We went above that yesterday, above Rs 1,410. So, I think that is definitely trying to enter into a new zone, altogether. If you look at the longer-term projections, technically in my opinion we are heading to about Rs 1,580 to Rs 1,600. So that is slightly more medium-term to long-term target but if we talk about the trading fraternity, someone wants to make use of the opportunity from that short-term angle, Rs 1,380 being a stop loss, if you get the stock on any kind of decline, one should accumulate looking at Rs 1,450 as a very near-term target.""I have been bullish on ICICI Bank, two days ago it was on my buy call and I continue to maintain that. You will see an upside and we are particularly positive on ICICI Bank and for that matter we are trying to focus even on some of the PSU names like Bank of India (BoI) and Canara Bank but I am positive on banking," he said.