Go long in HDFC, says Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Broker told CNBC-TV18, "Housing Development Finance Corporation (HDFC) has seen a build-up of almost 7-8 percent on intraday basis and we have seen clear breakout on its daily and weekly chart above Rs 825 levels. So there is lot of long accumulation happening in the stock. We are looking for a target of Rs 870-880 on upside."

"One can initiate a long position keeping Rs 825 as a stoploss on the stock," he adds.

Disclosure: He does not have any personal holding in the stock.