shikhagupta2589
Long

HDFC BANK has very high potential and can be your jackpot stock.

NSE:HDFCBANK   HDFC BANK
HDFC Bank is all set to embark on its journey towards 1248-1297 followed by 1315 levels. Below is my strategy for traders in this magical stock.
Upwards:-
When the market opens, wait for HDFC Bank to take a direction. It currently stands at its strong support of 1138. If this moves upwards or opens with gap-up , wait for it to touch 1185.20-1187 post which I expect a pull back to 1172-1173 level. That is your entry point.
Entry point: 1172, SL: 1152, Target: 1248 this week, 1297 next week.

The stock is in strong uptrend and should achieve the targets as quoted above.

Downwards:-
If HDFC Bank moves downwards, I strongly suggest to keep away from cancelling your positions if you have held. You could short HDFC bank to see intraday lows of 1121 but the HDFC bank is targeted to move upwards in a weekly time frame.

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Notice for Intrday traders: I strongly advise to keep away from HDFC Bank in intraday trades. For maximum benefits go for weekly/short term holding if the stock follows Upwards movement as mentioned above. In case of downwards trend, the support lies at 1067 and you could expect that level only if price breaches 1107. Since the gaps are high, I suggest intraday traders to keep away from speculation for two weeks. Incase you want to trade on volumes, one can trade in futures of HDFC Bank with atleast 3-4 weeks expiry date in future.

Comments

I have Bought options 1250 ce at price of 3:30 right now price is 2:20 what am I supposed to do ?
+2 Reply
lewisxavier solemnToucan35542
+1 Reply
Hi madam, I have taken HDFCBANK 1160ce which expires on 30th July. And my buy price is 13 and now it is trading at 10.05.. can I hold till expiry or else square off with loss ..could you plz help me out from this
Reply
lewisxavier umakiran
@umakiran, u should hold it
Reply
HDFC Bank is moving exactly as per Downwards trend as stated above. Positional traders are suggested to buy at every dip.
It can be bought at 1120.
Reply
moverayaz143 shikhagupta2589
@shikhagupta2589,
Mam i have bought options of 1200 call....and expiry is 30 july...suggest me what should i do with this position..
Reply
shikhagupta2589 moverayaz143
@moverayaz143, What is your buy price?
Reply
moverayaz143 shikhagupta2589
@shikhagupta2589,
Avg price is 6.95
Reply
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