Couple of days back, I had talked about INFOSYS - the ultimate sucker play - back to back 3 gap ups and here is what happened this morning ...
Here's one brother of this stock ...
Earnings for HDFC tomorrow.
http://indiaearnings.moneycontrol.com/sub_india/results_calender.php?sel_date=2010-07-14
The two key differences between HDFC & INFOSYS:
1. INFY OI went up 23% and stock was up 6% from lows 4 days back
whereas HDFC is also up 6% in 4 days but OI is only 5% up
2. For INFOSYS there was decent amount of call writing at 2800/2900 strikes but for HDFC there is not much call writing at 2900/3000 strikes.
Lets watch the stock tomorrow.
http://indiaearnings.moneycontrol.com/sub_india/results_calender.php?sel_date=2010-07-14
The two key differences between HDFC & INFOSYS:
1. INFY OI went up 23% and stock was up 6% from lows 4 days back
whereas HDFC is also up 6% in 4 days but OI is only 5% up
2. For INFOSYS there was decent amount of call writing at 2800/2900 strikes but for HDFC there is not much call writing at 2900/3000 strikes.
Lets watch the stock tomorrow.
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