Day Trading Guide For May-18

₹2027 • HDFC Bank

S1

S2

R1

R2

COMMENT

2015

2000

2040

2050

Fresh short positions are recommended with a fixed stop-loss only if the stock declines below ₹2015 levels

₹1184 • Infosys

S1

S2

R1

R2

COMMENT

1175

1165

1195

1205

Initiate fresh long positions with a stiff stop-loss only if the stock of Infosys advances above ₹1195 levels

₹279 • ITC

S1

S2

R1

R2

COMMENT

277

273

282

285

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

₹188 • ONGC

S1

S2

R1

R2

COMMENT

185

183

190

194

The stock is range-bound with a positive bias. Go long if the stock moves beyond ₹190 with a fixed stop-loss

₹945 • Reliance Ind.

S1

S2

R1

R2

COMMENT

933

921

956

966

Make use of intra-day rallies to initiate fresh short positions while maintaining a tight stop-loss at ₹956 levels

₹243 • SBI

S1

S2

R1

R2

COMMENT

240

235

246

250

Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹246 levels

₹3492 • TCS

S1

S2

R1

R2

COMMENT

3475

3450

3515

3534

Initiate fresh short positions with a tight stop-loss only if the stock falls below ₹3475 levels

10696 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10645

10600

10740

10788

Consider initiating fresh short positions with a fixed stop-loss if the contract reverses down from 10740 levels

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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





Related

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.