HIGH DELIVERY+INCREASE OI+EXPIRY WEEK =SHORTING OPURTUNITY
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VERDICT: 1) FORMING HH & HL from last 6 sessions 2) Divergence is forming after todays HIGH (26 Jun) 3) Defined SUPPLY-ZONE is between 1916 to 1932 & above 4) Broke triangle formation with lower than average volume, but after that maintained above average volume. 5) HDFC has seen 75 % delivery on avg of 8 days => HIGH DELIVERY means PEOPLE are expecting price to increase 6) OPEN INTEREST is also increasing with INCREASE IN DELIVERY
CONCLUSION: This week being an expiry week, expect a fall of 2-3%, which will give a nice and low risk-high reward oportunity of shorting. WAIT FOR RIGHT TIME TO TAKE SHORT TRADE (INTRADAY). For POSITIONAL TRADE, trade at your discrimination.