Day Trading Guide For June-01

9626 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9590

9550

9650

9683

Consider initiating fresh short positions with a tight stop-loss if the contract declines below 9590 levels



₹1633 • HDFC Bank

S1

S2

R1

R2

COMMENT

1615

1600

1645

1655

The stock is moving sideway in a narrow range. Initiate fresh long positions only if it moves above ₹1645 levels



₹976 • Infosys

S1

S2

R1

R2

COMMENT

965

955

985

995

Fresh short positions can be initiated with a tight stop-loss if the stock fails to rally above ₹985 levels



₹311 • ITC

S1

S2

R1

R2

COMMENT

309

305

314

316

Initiate fresh short positions with a stiff stop-loss only if the stock declines below ₹309 levels



₹177 • ONGC

S1

S2

R1

R2

COMMENT

175

172

180

183

Fresh long positions can be initiated with a fixed stop-loss if the stock of ONGC reverses higher from ₹175 levels



₹1340 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1327

1310

1355

1368

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹1355 levels



₹288 • SBI

S1

S2

R1

R2

COMMENT

286

283

292

295

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹286 levels



₹2544 • TCS

S1

S2

R1

R2

COMMENT

2530

2510

2570

2590

Fresh short positions are recommended with a stiff stop-loss only if the stock falls below ₹2530 levels



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

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