Day Trading Guide For June-08

₹2064 • HDFC Bank

S1

S2

R1

R2

COMMENT

2052

2040

2075

2088

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹2075 levels

₹1250 • Infosys

S1

S2

R1

R2

COMMENT

1240

1230

1260

1270

Near-term outlook is bullish for the stock of Infosys. Buy in dips with a fixed stop-loss at ₹1240 levels

₹270 • ITC

S1

S2

R1

R2

COMMENT

268

265

273

276

Consider initiating fresh long positions with a fixed stop-loss only if the stock of ITC moves beyond ₹273 levels

₹172 • ONGC

S1

S2

R1

R2

COMMENT

170

168

176

179

Make use of intra-day declines to buy the stock of ONGC while maintaining a stiff stop-loss at ₹170 levels

₹971 • Reliance Ind.

S1

S2

R1

R2

COMMENT

960

950

980

990

As long as the stock of RIL trades above ₹960, the near-term view remains positive. Buy in declines

₹269 • SBI

S1

S2

R1

R2

COMMENT

265

260

275

280

Initiate fresh long positions with a tight stop-loss if the stock of SBI rebounds up from ₹265 levels

₹1734 • TCS

S1

S2

R1

R2

COMMENT

1720

1700

1750

1770

Fresh long positions can be initiated with a stiff stop-loss only if the stock rallies above ₹1750 levels

10765 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10715

10660

10814

10855

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10,715 levels

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

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