Technical charts show short selling opportunity present in HDFC and ICICIBANK.
While both the stocks have been trading at life-time highs. In the medium term, technical charts of both these stocks showing short selling opportunity.
Short HDFC January Futures between 2440-2450 with a target of 2320. Keep strict stop loss at 2476 for HDFC January Futures. Reward to risk ratio for this trade is 3.1
Short ICICIBANK January Futures at 547 with a target of 524. Keep strict Stop Loss at 554. Reward to risk ratio for this trade is 2.5
Win rate for both trades is around 50-60 per cent.