Buy HDFC, target Rs 1350: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Two weeks back HDFC has taken support near to 200-day moving average and thereafter it started making higher-tops and higher-bottoms. Today it has broken an important resistance of Rs 1,300 with higher volumes. So, HDFC has potential to test Rs 1,350. So one can buy the stock at current level, keep the stop loss below Rs 1,290."

At 13:27 hrs Housing Development Finance Corporation was quoting at Rs 1,311.10, up Rs 27.55, or 2.15 percent. It has touched an intraday high of Rs 1,314 and an intraday low of Rs 1,280.