Buy HDFC, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "HDFC has been in a trading range. It is on the verge of making lifetime new highs. It did that yesterday on a day when the market and the banks were slightly subdued, so there is a message and it is just that there is a certain amount of strength coming in. It is a short-term trade; we should be a buyer here."

At 09:23 hrs Housing Development Finance Corporation was quoting at Rs 1,136.45, down Rs 8.15, or 0.71 percent. It has touched an intraday high of Rs 1,148.90 and an intraday low of Rs 1,127.15.