HDFC BANK and Misc. – Short Term Trading View

HDFC BANK – Short Term Trading View

While the banking sector is all dull and weak for a weekly basis, and PSUs are down and out since long, the private sector banks are doing good for a very very long time, and hdfc bank is the crown jewel in that pack. Its undergoing some correction and made high of 2050 and 2100 september expiry call option are available at 18 odd Rs. premium. 
Having said that we are trading in many other stocks at lower levels and cash 50-100% profit in call options for september month. The stocks that are in uptrend will continue to go up after this technical correction is over. So we are trading on long side on declines in IT stocks, RIL and such other stocks. The likes of PFC, Cements, etc are bounce back stories, so we buy and trade in them selectively and cautiously.  

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