HDFC 2016 Diary- 1180-1200 to decide next leg

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1180-1200 -key levels-if taken out downside can open new space. In the last trading session, it was a sharp fall from 1270's to 1210 levels, which is very impulsive giving us warning bell or reminder about these key levels.
In coming session- it could be range bound movement before we start next.

This is how we moved in 2016

Calling for 980-1010 Zone

Enjoyed the fall from 1430 to 1200
Trade active: 18:33 Hrs 6th Feb2017

Last price@1397

Zone of 1180-1200 was not taken out downside so obviously it is upside - well It was an awesome move from 1200 to 1420 levels

Trade closed manually: As it never moved below 1180-1200 zone
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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