Day Trading Guide For May-02

₹1944 • HDFC Bank

S1

S2

R1

R2

COMMENT

1935

1923

1955

1965

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹1935 levels

₹1199 • Infosys

S1

S2

R1

R2

COMMENT

1190

1180

1210

1220

The stock tests a key resistance. Go long with a fixed stop-loss if the stock moves beyond ₹1210 levels

₹281 • ITC

S1

S2

R1

R2

COMMENT

278

275

283

286

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves above ₹283 levels

₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

183

186

Initiate fresh long positions with a tight stop-loss if the stock of ONGC rallies above ₹183 levels

₹963 • Reliance Ind.

S1

S2

R1

R2

COMMENT

952

940

975

985

Consider initiating fresh short positions with a fixed stop-loss only if the stock declines below ₹952 levels

₹246 • SBI

S1

S2

R1

R2

COMMENT

242

236

250

255

Make use of intra-day dips to buy the stock of SBI while maintaining a tight stop-loss at ₹242 levels

₹3531 • TCS

S1

S2

R1

R2

COMMENT

3510

3480

3550

3570

Near-term view stays positive as long as the stock trades above ₹3510 levels. Buy in declines

10780 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10727

10680

10820

10875

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10,727 levels

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

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