HDFC Bank can break on upside, may hit Rs 1,100: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We had a very big upmove day before yesterday and yesterday, HDFC Bank went into a huddle, it did nothing. When I say that you have to wait, be patient and you have to buy when the stock is consolidating. The consolidation yesterday was in a very narrow range given the fact that the Nifty is likely to move up today at least in the morning, that is what SGX suggests. HDFC Bank’s narrow range is going to break on the upside. I think it could go all the way to Rs 1,100, that is not the target, but it could."At 09:25 hrs HDFC Bank was quoting at Rs 1,072.50, up Rs 3.60, or 0.34 percent. It has touched an intraday high of Rs 1,076.65 and an intraday low of Rs 1,070.