INTRADAY HDFCBANK SHORT

11 May 2017

WITH BANKNIFTY BREAKING TODAY I FEEL BANKING SECTOR WILL SHOW A BIT OF NEGATIVE TOMORROW. IM LOOKING AT HDFC BANK SHORT BELOW 1539 FOR A SMALL SCALP OF AROUND 8-9 POINTS. WHY I EXIT SHORTS EARLY IS THAT I HAVE OBSERVED THAT GOOD STOCKS SUCH AS THESE TEND TO REVERSE QUICKLY IN OVERALL BULLISH MARKETS. IL BE KEEPING A STOP OF AROUND 1545-1547 LEVELS DEPENDING ON TOMRROWS OPENING AND FROM WHERE IT REVERSES DOWNWARDS.

REMEMBER:
IF WHILE BREAKING DOWN ABOVE AVERAGE VOLUME IS NOT PRESENT I WILL NOT TRADE.
RSI SHOULD BE BREAKING BELOW 35 LEVELS

12 May 2017

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