Trading Levels:HDFC,HPCL and Kotak Bank

Traders always a dilemma of What Stop Loss should be kept for there Trade.For putting your Stop Loss In trading –you need to keep the structure of the market in mind.

Right Now we are in Volatile times so your Intra day trades should have a deep sl as If you see Nifty it give 20 Points move in matter of Mins so" deep sl will help you in not getting Whipsawed"  and  when we are in sideways market Keep Sl tight as range breakout can give good move for Nifty or Stock you are trading into. Always Treat Sl is the Risk/ Money you are prepared to loose on a particular trade.

HDFC BANK

HDFC Bank is one of the Strongest Stock of Nifty as it was still not broken the Feb 09 Low of 582 showing strength.Formation of Head and Shoulder is visible with neckline placed at 621 is placed. If HDFC closes below 611 than we can see the revisit of feb low of 582 break of which will drag the stock below.....

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