HDFC Bank has been underperforming BankNifty and even Nifty for some time, it has a big weightage on both the indices.
Moving in a small range of 40 Rs (1412-1442) for the past few days.
Wait for break-out above 1445 to enter on the long side, use 1426 or 1412 as stops depending on your risk appetite.
Consider a low-risk bull spread utilising 1420-1480 strikes.
Moving in a small range of 40 Rs (1412-1442) for the past few days.
Wait for break-out above 1445 to enter on the long side, use 1426 or 1412 as stops depending on your risk appetite.
Consider a low-risk bull spread utilising 1420-1480 strikes.
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