As we can see, 1030 Call options for Feb series are heavily sold. Holds highest OI for feb series. Feb series end i.e tomo we can see 1030 in this counter. If this happens, ICICI will be completing the H&S pattern on 1hr Time frame. It will come to 1010 or even 1000 before reversing from there to reach 1100+
It is a short term bearish stance on ICICI. This is a...
HDFC has been under pressure for very long time. We see selling is drying up and to support, Spot has crossed 100 sma of 1hr chart with a successful retest at 1418.
We also see a inverted H & S pattern formed at the bottom. If this crosses 1450-60 and sustains, we should see it rally up to min 1590 - 1600. We need to keep a SL of 1395. (1418 is ideal SL, but...
