Go long in HDFC, says Aditya Agarwal

Aditya Agarwal of Way2Wealth Securities told CNBC-TV18, "We are expecting that Housing Development Finance Corporation (HDFC) will continue to see short covering which the stock is seeing for the last three to four trading sessions. It has already seen a sharp correction in the last couple of trading sessions and lower levels if we see Rs 1,150-1,160 is a very crucial support level and from those levels also, this time, stock show pull back. So, short covering may continue on higher side.""We are expecting stock may test Rs 1,250 levels. So, at current levels, one may go long keeping a stoploss of Rs 1,170 and target of Rs 1,250," he added.