Day trading guide

Day Trading Guide For August 7

| Updated on August 06, 2018 Published on August 06, 2018

₹2115 • HDFC Bank

S1

S2

R1

R2

COMMENT

2100

2070

2135

2155

Outlook is negative. Go long if the stock breaks below ₹2,100. Keep the stop-loss at ₹2,120

₹1361 • Infosys

S1

S2

R1

R2

COMMENT

1350

1335

1370

1390

Inititate fresh long positions with a stop-loss at ₹1,355 only if the stock breaks above ₹1,370.

₹302 • ITC

S1

S2

R1

R2

COMMENT

300

295

303

308

Hovers above a support. Go short if the stock breaks below ₹300. Stop-loss can be placed at ₹303

₹169 • ONGC

S1

S2

R1

R2

COMMENT

168

166

171

175

Outlook is bullish. Go long and also accumulate on dips. Stop-loss can be placed at ₹165.

₹1191 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1165

1150

1200

1250

Resistance ahead. Go long with a stop-loss at ₹1,185 only if the stock breaks above ₹1,200

₹308 • SBI

S1

S2

R1

R2

COMMENT

302

290

320

330

Uptrend is gaining momenutm. Go long and also accumulate on dips with a stop-loss at ₹298

₹1976 • TCS

S1

S2

R1

R2

COMMENT

1940

1900

2015

2050

Immediate outlook is not clear. Avoid trading the stock until a clear trade signal emerges

11414 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11400

11350

11450

11470

Near-term view is positive. Go long and also accumulate on dips. Keep the stop-loss at ₹11,385

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

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