Some very important levels for HDFC Life.
Conclusion:
1. Go Long only above 652. Whole candle for a day should be above this. Immediate target of 684.
2. Watch out for levels around 600-620, a very favorable accumulation zone.
Possible Trades:
1. Sell 600 or 620 PE, Likely will be out of money.
2. Buy 680 CE once price reaches above 652.
3. Long future around 610 or 620, if it comes.
Conclusion:
1. Go Long only above 652. Whole candle for a day should be above this. Immediate target of 684.
2. Watch out for levels around 600-620, a very favorable accumulation zone.
Possible Trades:
1. Sell 600 or 620 PE, Likely will be out of money.
2. Buy 680 CE once price reaches above 652.
3. Long future around 610 or 620, if it comes.