HDFC BANK STARTING ITS SLIDE TO 750 WITH CURRENT MARKET SENTIMENTS. EXPECTED FALL IN 17 DAYS TO 28 MAY. OR THERE WILL BE CHANGE IN VIEW. WHICH WILL BE REVISED AGAIN
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Options data in support of analysis.
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Still HDFCBank holding its levels somehow..but trade on.Selling call above 1000 is profitable bet
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Forming Preparing for new trend or continuation...
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We are still holding sell position in 1000CE if market bounce today then again SELL
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We are still bearish and holding positional 1000CE sold may call. Think of rollover whenever you will get good entry for shorting... Conservatives can book handsome profit.
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Even though view gone wrong due to short covering on expiry. If you have sold call on 7--8th as mentioned. We would have seen profit of premium from range of 22-15 to Zero. i.e, profit of 11,000 RS to 7500 Rs in one lot. This is beauty of options and trusting your analysis.
HDFC Bank has major resistance at 959. Best bet to short at that level (950/55) for the target by 10th, June
MadhavMBK
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@Sidharth_Kr_Jain, yes. Anticipating that to happen very fast. That time we will not get chance to buy. So now it correct time...with good risk to reward...