January 2008


Dear all ,

HDFC has formed a nice triangle and i will surely expect it to give a breakout today as Fed has cut the interest rates in line with the market expectation .. I am not sure which way our markets will move . Any way it moves u can make money on HDFC Bank :)

HDFC Bank.JPG

Upside Breakout Signal ->> 1560-1565

Upside Target ->> 1700

Downside Breakout Signal ->> 1510

Downside Target -> 1350-1360

Watch out for breakout during todays trading ,,,,

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