Day Trading Guide For March-01

₹2082 • HDFC Bank

S1

S2

R1

R2

COMMENT

2060

2020

2100

2135

Outlook is negative. Go short and also accumulate on rallies. Keep the stop-loss at ₹2,105

₹734 • Infosys

S1

S2

R1

R2

COMMENT

726

718

745

760

Initiate fresh short positions with a stop-loss at ₹732 only if the stock breaks below ₹726

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

268

280

284

Near-term view is unclear. Avoid trading this stock until a clear trend and a trade signal emerges

₹149 • ONGC

S1

S2

R1

R2

COMMENT

146

143

151

155

Resistance ahead. Go long only if ONGC breaks above ₹151. Stop-loss can be placed at ₹148

₹1231 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1225

1200

1245

1260

Initiate fresh short positions if RIL breaks below ₹1,225. Keep the stop-loss at ₹1,240

₹269 • SBI

S1

S2

R1

R2

COMMENT

265

260

272

278

Bias is bullish on the charts. Initiate fresh long positions with a stop-loss at ₹263

₹1984 • TCS

S1

S2

R1

R2

COMMENT

1960

1930

2015

2070

Downmove is gaining strength. Go short and also accumulate on rallies with a stop-loss at ₹2,010

10795 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10740

10700

10850

10900

Initiate fresh long positions with a stop-loss at 10,835 only if the index futures break above 10,850.

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

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