Day Trading Guide For May-09

₹1966 • HDFC Bank

S1

S2

R1

R2

COMMENT

1955

1945

1975

1988

Initiate fresh long positions with a stiff stop-loss only if the stock moves beyond ₹1975 levels

₹1165 • Infosys

S1

S2

R1

R2

COMMENT

1155

1145

1176

1185

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

₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

284

287

Consider initiating fresh short positions with tight stop-loss if the stock of ITC drops below ₹280 levels

₹182 • ONGC

S1

S2

R1

R2

COMMENT

180

178

186

189

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹186 levels

₹967 • Reliance Ind.

S1

S2

R1

R2

COMMENT

960

948

980

990

The stock faces a key resistance ahead. Go long on a strong rally beyond ₹980 with a fixed stop-loss

₹250 • SBI

S1

S2

R1

R2

COMMENT

245

240

255

260

Near-term view is bullish for the stock of SBI. Buy in declines while retaining a stiff stop-loss at ₹245 levels

₹3441 • TCS

S1

S2

R1

R2

COMMENT

3420

3400

3460

3485

Fresh short positions are recommended with a tight stop-loss if the stock of TCS declines below ₹3420 levels

10735 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10700

10665

10780

10825

Consider initiating fresh long positions with tight stop-loss only if the contract moves above 10780 levels

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

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