HDFC BANK ( CASH – Rs.2220) : The stock is trading at its critical support level area of around Rs.2210 and once it starts trading below Rs.2207, we can expect the stock to decline further. Selling is advised below Rs.2205 for a target of Rs.2189 and Rs.2172. Lower target of Rs.2165 and Rs.2156 is also possible. Stop Loss of Rs.2231 should be kept. ORCHID CHEM ( CASH – Rs.297.70) : The stock has made a lower top and we expect selling pressure to intensify. Selling is advised below Rs.291 for a target of Rs.285 and Rs.280. Lower target of Rs.275 and Rs.272 is also possible. Stop Loss of Rs.301 should be kept.
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