[MMB HDF01] ha ha ha today brokerage house jafries and jp morgan now strong bullish on attractive levels give up to 1200 target i a...

AI Analysis

Positive endorsements from leading global brokerages can significantly boost investor confidence in a stock, especially when combined with technical indicators suggesting strong support and potential for short covering.

Trading Insight

Initiate long positions in HDFC Bank, especially on dips, with a target of 1200. Be mindful of short-covering rallies if 780 is breached.

Quick check: MARUTI bearish bias (oversold), TATAMOTORS bearish bias (-4.8% 1d).

Key Evidence

•Jefferies and JP Morgan are now strongly bullish on HDFC Bank.
•Target of 1200 given.
•Author is bullish and suggests value buying.
•Zero chances of below 800 levels after expiry month.
•Warns against shorting if it crosses 780 due to strong chance of short covering.

Sectors:banking

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