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Short selling opportunity in HDFC

HDFC has witnessed high selling volume in the 2195 to 2200 range, providing good short selling opportunity. Short two HDFC July Futures contract at 2189 with Stop Loss of 2199 and first target being 2159 and second target 2139.

Exit 50% of the position at first target and rest 50% position at second target with a trailing stop loss for the second target.

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