Day Trading Guide For August 8

10091 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10050

10000

10130

10180

Initiate fresh short positions with a stiff stop-loss if the contract reverses down from ₹10130 levels



₹1787 • HDFC Bank

S1

S2

R1

R2

COMMENT

1775

1765

1800

1810

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1800 levels



₹968 • Infosys

S1

S2

R1

R2

COMMENT

960

950

980

990

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹980 levels



₹280 • ITC

S1

S2

R1

R2

COMMENT

278

275

283

286

Near-term outlook is bearish for the stock of ITC. Sell in rallies with a tight stop-loss at ₹283 levels



₹166 • ONGC

S1

S2

R1

R2

COMMENT

163

160

168

171

Fresh long positions can be initiated with a tight stop-loss if the stock advances above ₹168 levels



₹1616 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1600

1580

1630

1645

Initiate fresh short positions with a stiff stop-loss only if the stock declines below ₹1600 levels



₹311 • SBI

S1

S2

R1

R2

COMMENT

308

305

314

318

Make use of intra-day declines to buy the stock with a stiff stop-loss placed at ₹308 levels



₹2504 • TCS

S1

S2

R1

R2

COMMENT

2485

2460

2520

2540

Consider initiating fresh short positions with a tight stop-loss if the stock declines below ₹2485 levels



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

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