Day Trading Guide For June-12

₹2045 • HDFC Bank

S1

S2

R1

R2

COMMENT

2035

2025

2057

2070

Initiate fresh short positions with a tight stop-loss if the stock reverses down from ₹2057

₹1263 • Infosys

S1

S2

R1

R2

COMMENT

1250

1240

1270

1280

Make use of intra-day falls to buy the stock of Infosys while retaining a stiff stop-loss at ₹1250

₹269 • ITC

S1

S2

R1

R2

COMMENT

267

265

272

275

Fresh long positions can be initiated with a stiff stop-loss only if the stock rebounds up from ₹267

₹173 • ONGC

S1

S2

R1

R2

COMMENT

170

168

176

179

Consider initiating fresh long positions with a fixed stop-loss if the stock rallies above ₹176

₹982 • Reliance Ind.

S1

S2

R1

R2

COMMENT

971

960

990

1000

Initiate fresh short positions with a tight stop-loss only if the stock of RIL falls below ₹971

₹273 • SBI

S1

S2

R1

R2

COMMENT

269

265

278

284

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹278

₹1750 • TCS

S1

S2

R1

R2

COMMENT

1730

1710

1765

1785

Initiate fresh long positions with a tight stop-loss if the stock of TCS climbs beyond ₹1765

10786 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10730

10680

10825

10865

Consider initiating fresh long positions with a tight stop-loss only if the contract moves beyond ₹10825

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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





Related

This article is closed for comments.
Please Email the Editor