Day Trading Guide For August-21

₹2097 • HDFC Bank

S1

S2

R1

R2

COMMENT

2085

2070

2110

2125

Consider initiating fresh long positions with a tight stop-loss if the stock advances above ₹2,110 levels

₹1385 • Infosys

S1

S2

R1

R2

COMMENT

1373

1360

1398

1412

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹1,398 levels

₹313 • ITC

S1

S2

R1

R2

COMMENT

310

307

315

318

Fresh long positions can be initiated with a stiff stop-loss if the stock of ITC rebounds up from ₹310 levels

₹168 • ONGC

S1

S2

R1

R2

COMMENT

165

162

171

174

Initiate fresh long positions with a stiff stop-loss if the stock of ONGC moves beyond ₹171 levels

₹1234 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1220

1205

1245

1255

Near-term view is positive for the stock of RIL. Buy the stock in declines with a stiff stop-loss at ₹1,220 levels

₹307 • SBI

S1

S2

R1

R2

COMMENT

302

295

312

318

A strong rally beyond ₹312 levels will be a positive cue to buy the stock in with a fixed stop-loss

₹2010 • TCS

S1

S2

R1

R2

COMMENT

1990

1970

2030

2050

Fresh long positions are recommended with a stiff stop-loss only if the stock of TCS rallies above ₹2,030 levels

11578 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11530

11480

11620

11660

Initiate fresh long positions with a fixed stop-loss if the contract reverses higher from 11,530 levels

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

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