Day trading guide

Day Trading Guide For May-04

Yoganand D, BL Research Bureau | Updated on May 03, 2018 Published on May 03, 2018

₹1967 • HDFC Bank

S1

S2

R1

R2

COMMENT

1958

1947

1980

1990

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹1980 levels

₹1181 • Infosys

S1

S2

R1

R2

COMMENT

1170

1160

1190

1200

Initiate fresh short positions with a tight stop-loss if the stock of Infosys reverses down from ₹1190 levels

₹284 • ITC

S1

S2

R1

R2

COMMENT

281

278

287

290

Fresh short positions are recommended with a fixed stop-loss only if the stock of ITC declines below ₹281 levels

₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

182

185

Consider initiating fresh long positions with a fixed stop-loss if the stock of ONGC rebounds up from ₹178 levels

₹962 • Reliance Ind.

S1

S2

R1

R2

COMMENT

952

940

973

985

Fresh short positions can be initiated with a tight stop-loss if the stock of fails to move beyond ₹973 levels

₹241 • SBI

S1

S2

R1

R2

COMMENT

236

232

245

250

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹245 levels

₹3482 • TCS

S1

S2

R1

R2

COMMENT

3460

3440

3505

3527

The stock witnesses selling pressure at higher levels. Make use of intra-day rallies to sell with a fixed stop-loss

10706 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10665

10620

10750

10790

Initiate fresh short positions with a tight stop-loss if the contract fails to move beyond 10750 levels

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

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.


  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.


  • Ad free experience

    Experience cleaner site with zero ads and faster load times.


  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.

This article is closed for comments.
Please Email the Editor