Day Trading Guide For June-06

₹2060 • HDFC Bank

S1

S2

R1

R2

COMMENT

2046

2030

2075

2088

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹2046 levels

₹1221 • Infosys

S1

S2

R1

R2

COMMENT

1210

1200

1230

1241

Fresh short positions are recommended with a stiff stop-loss only if the stock fall below ₹1210 levels

₹267 • ITC

S1

S2

R1

R2

COMMENT

265

262

270

273

Make use of intra-day rallies to sell the shock while maintaining a stiff stop-loss at ₹270 levels

₹171 • ONGC

S1

S2

R1

R2

COMMENT

168

165

173

176

Consider initiating fresh long positions with a fixed stop-loss only if the stock of ONGC climbs above ₹173 levels

₹947 • Reliance Ind.

S1

S2

R1

R2

COMMENT

940

928

957

968

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹957 levels

₹263 • SBI

S1

S2

R1

R2

COMMENT

258

253

267

272

Initiate fresh long positions with a fixed stop-loss only if the stock of SBI rallies beyond ₹267 levels

₹1721 • TCS

S1

S2

R1

R2

COMMENT

1700

1680

1740

1760

Near-term view is bearish for the stock of TCS. Sell in rallies while retaining a stiff stop-loss at ₹1740 levels

10596 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10550

10500

10650

10700

Consider initiating fresh long positions with a fixed stop-loss only if the contract moves beyond 10650 levels

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

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