HDFCBANK

Everyone was complaining about HDFC Bank being a dead stock for 2 years while it was digesting the parent merger. Now that deposits are growing faster than loans and LDR dropped to 101%, the re-rating has started. Added 200 shares at 1,660.

The MSCI passive flow factor is real. FIIs have no choice but to allocate billions because their benchmark weightage forced an increase. Look at the open interest buildup at 1,700 PE - aggressive put writers defending that base.

It will face tough resistance at ₹1,735-1,750 where massive call OI is sitting. If you are an intraday trader don't chase green candles near 1,740; buy the dips near 1,690.