Day Trading Guide For March-06

₹2107 • HDFC Bank

S1

S2

R1

R2

COMMENT

2095

2080

2120

2135

Make use of intra-day declines to buy the stock while retaining a stiff stop-loss at ₹2,095 levels

₹732 • Infosys

S1

S2

R1

R2

COMMENT

725

717

740

748

Fresh short positions are recommended with a fixed stop-loss only if the stock drops below ₹725 levels

₹282 • ITC

S1

S2

R1

R2

COMMENT

279

276

285

288

Utilise intra-day dips to buy the stock of ITC while maintaining a tight stop-loss at ₹279 levels

₹154 • ONGC

S1

S2

R1

R2

COMMENT

154

149

158

161

Near-term outlook is bullish for the stock of ONGC. Buy in dips with a stiff stop-loss at ₹154 levels

₹1236 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1225

1212

1250

1265

Consider initiating fresh long positions with a tight stop-loss only if the stock of RIL move above ₹1,250 levels

₹276 • SBI

S1

S2

R1

R2

COMMENT

271

266

282

290

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹271 levels

₹1987 • TCS

S1

S2

R1

R2

COMMENT

1970

1950

2020

2040

Initiate fresh short positions with a stiff stop-loss only if the stock of TCS fails to move beyond ₹2,020 levels

11032 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10970

10920

11075

11125

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 10,970 levels

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

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