Day Trading Guide For June-01

₹2136 • HDFC Bank

S1

S2

R1

R2

COMMENT

2085

2050

2150

2200

Initiate fresh long positions with a stop-loss at 2,125 only if the stock breaks above ₹2,150

₹1232 • Infosys

S1

S2

R1

R2

COMMENT

1224

1205

1260

1290

Outlook is bullish. Go long and also accumulate on dips. Keep the stop-loss at ₹1,215

₹272 • ITC

S1

S2

R1

R2

COMMENT

270

268

274

277

Initiate fresh short positions if ITC breaks below ₹270. Stop-loss can be placed at ₹273

₹177 • ONGC

S1

S2

R1

R2

COMMENT

173

170

180

183

Resistance ahead. Go long only if the stock breaks above ₹180. Keep the stop-loss at ₹178

₹921 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

885

928

940

RIL is gearing up for a fresh upmove. Initiate fresh long positions with a stop-loss at ₹905

₹269 • SBI

S1

S2

R1

R2

COMMENT

260

256

280

293

Near-term view is positive. Go long and also accumulate on dips with a stop-loss at ₹258

₹1745 • TCS

S1

S2

R1

R2

COMMENT

1710

1680

1765

1780

Near-term dip is possible. Go short and also accumulate on rallies. Keep the stop-loss at ₹1,775

10737 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10700

10665

10790

10830

Upmove has gained momentum. Go long and also accumulate on dips with a stop-loss at 10,690

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

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