WITH BANKNIFTY BREAKING TODAY I FEEL BANKING SECTOR WILL SHOW A BIT OF NEGATIVE TOMORROW. IM LOOKING AT HDFC BANK SHORT BELOW 1539 FOR A SMALL SCALP OF AROUND 8-9 POINTS. WHY I EXIT SHORTS EARLY IS THAT I HAVE OBSERVED THAT GOOD STOCKS SUCH AS THESE TEND TO REVERSE QUICKLY IN OVERALL BULLISH MARKETS. IL BE KEEPING A STOP OF AROUND 1545-1547 LEVELS DEPENDING ON TOMRROWS OPENING AND FROM WHERE IT REVERSES DOWNWARDS.
REMEMBER: IF WHILE BREAKING DOWN ABOVE AVERAGE VOLUME IS NOT PRESENT I WILL NOT TRADE. RSI SHOULD BE BREAKING BELOW 35 LEVELS