The double bottom has been formed in the last month. Stock is trending with strong relative strength in June so far... Even though Today market has retraced by heavy points, But IT, FMGC & Financial service sector always survive and surge in worst conditions
Due to the dollar price have been strong after 7 member did vote in the favour of increasing the interest rates in the USA and 7% of growth has forecasted It will affect the INR currency as USDollar is going to build momentum in upcoming days and the market will lose more points if and only if FII & DII still carry on their selling strategies.
sir, i have hdfc life 700 CE july bought @28; cmp 31; now, looking at global Markets, it looks "dangerous". if it( downfall) continues , what should be strategy ..i mean...should i exit in early trade, or hold ? any view on this?
rajveerscolia
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@newbieintrading, Sorry I can't help you much there I'm not an Options trader. I'm a Swing trader in equities only. But I can sure you the Financial sector is not being a threat to these severe conditions due to the USA ... Well, you don't have to sell your position if the expiry is in July.