Technical view by Nooresh

HDFC Limited – A leader Emerging in the Nifty



In many of my previous posts have discussed about HDFC Limited setting up for a major range breakout above 730-740 levels.

Today the stock has finally broken out by crossing 750 levels comfortably.

Any dips to 710-740 will now be a buying opportunity with a target of 800 + and stoploss of 698


Meanwhile Nifty as expected has bounced from the support band of 5220-5250 and is now at our review range of 5350-5400. Have advised clients to book at current levels and wait for dips. The trend remains bullish but being conservative have booked out.


Hexaware has also moved nicely towards 137 can book partial profits here for medium term investors. For short term can expect stock to get sideways for a couple of sessions.


Analyse India is conducting a TECHNICAL ANALYSIS TRAINING SESSION at MUMBAI on SEPTEMBER 15-16 and an Online Training Program on September 22-23 .

Mumbai Session Details.

Venue : B-11 , Mangal Orchid, Opp D-Mart , Yari Road, Andheri ( West ) - Mumbai - 400 061

Fees : Rs 9800 + Service Tax.

Timings - 09.30 a.m to 5.30 p.m

Batch Size - 6-10 participants.

Important Features

-> Learn how to use Metastock Software

-> Small Batch size so highly interactive session.

-> 1 month back up support in case of queries

-> Free Refresher Session any time in next 6 months.

-> Historical Data since 1979 for practice.

-> Lots of powerpoints/pdfs and training material.

-> Mode of communication - English, Hindi and Gujrati.

and much much more....

To register yourself for the program make the payment in the following account. For people wanting to make payment in cash can make a part payment in the account and rest at the venue.


Current Account Name:    EQTANALYST

Account Number:               06662000000169

Bank Name:                        HDFC BANK

BRANCH :                            VERSOVA , MUMBAI

IFSC  CODE :                       HDFC0000019

For more details call Ankit 09899899989 Nooresh 09819225396  or mail to

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 3 comments… add one }
  • Prince October 10, 2012, 08:20

    Hi hdfc now is coming closer to 740. Should buy ?

  • viresh October 13, 2012, 18:03

    i want your guidance on zudus wellness & m&m finance.
    I want to buy both shares Pl. give your view.

    Thanking you.

    • Nooresh October 16, 2012, 10:05

      Both seem to be good for short term as well as medium term.


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