HDFC To Reach Rs 2200 Shortly

Technical AnalystHDFC Bank, Ashwani Gujral is of the opinion that Housing Development Finance Corporation (HDFC) has aim of Rs 2200.

Gujral stated, “I think definitely financial space has a lot of strength, the PSU sector was lagging but now with inflation coming down, I think PSU banks will also catch up.”

One will see Rs 1350 shortly on HDFC Bank as it has made a fresh breakout, and HDFC is now hovering to attain a target of 2200.

“Among the broking side, India Infoline has headed towards Rs 900. Once Indiabulls can take out Rs 630 that has probably headed towards Rs 750-760. So, broadly financial space is going to be one of the leaders of this market. PSU Banks, State Bank of India, PNB, BOI, all of these banks seem to be gathering more momentum,” he added.




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