Day Trading Guide For March-05

₹2083 • HDFC Bank

S1

S2

R1

R2

COMMENT

2065

2050

2095

2110

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹2,095 levels

₹741 • Infosys

S1

S2

R1

R2

COMMENT

734

725

748

755

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys rebounds up from ₹734 levels

₹277 • ITC

S1

S2

R1

R2

COMMENT

275

272

281

284

Make use of intra-day dips to buy the stock of ITC while maintaining a fixed stop-loss at ₹275 levels

₹149 • ONGC

S1

S2

R1

R2

COMMENT

146

143

152

155

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC reverses higher from ₹146 levels

₹1226 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1212

1200

1240

1255

The stock is range-bound. Go long while retaining a fixed stop-loss on a strong rally above ₹1,240 levels

₹272 • SBI

S1

S2

R1

R2

COMMENT

266

260

278

285

Fresh long positions can be initiated with a stiff stop-loss if the stock of SBI reverses up from ₹266 levels

₹1991 • TCS

S1

S2

R1

R2

COMMENT

1970

1950

2020

2040

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹1,970 levels

10917 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10870

10820

10970

11020

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10,870 levels

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

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