Day Trading Guide for June 26, 2019

₹2428 • HDFC Bank

S1

S2

R1

R2

COMMENT

2416

2403

2442

2460

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹2,416 levels

₹748 • Infosys

S1

S2

R1

R2

COMMENT

741

734

755

763

Consider initiating fresh long positions with a stiff stop-loss only if the stock of Infosys rebounds up from ₹741 levels

₹278 • ITC

S1

S2

R1

R2

COMMENT

275

272

282

285

Utilise intra-day dips to buy the stock of ITC while maintaining a tight stop-loss at ₹275 levels

₹166 • ONGC

S1

S2

R1

R2

COMMENT

162

159

168

171

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹162 levels

₹1295 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1280

1265

1310

1325

Make use of intra-day declines to buy the stock of RIL while retaining a tight stop-loss at ₹1,280 levels

₹356 • SBI

S1

S2

R1

R2

COMMENT

350

344

361

367

Near-term outlook is bullish for the stock. Buy in declines with a fixed stop-loss at ₹350 levels

₹2266 • TCS

S1

S2

R1

R2

COMMENT

2245

2225

2285

2305

Fresh long positions can be initiated with a stiff stop-loss if the stock rallies above ₹2,285 levels

11810 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11760

11710

11850

11900

Initiate fresh long positions with a fixed stop-loss if the contract reverses higher from 11,760 levels

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

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