Day Trading Guide For May-24

₹1966 • HDFC Bank

S1

S2

R1

R2

COMMENT

1955

1942

1978

1990

Make use of intra-day rallies to sell the stock with a stiff stop-loss placed at ₹1978 levels

₹1185 • Infosys

S1

S2

R1

R2

COMMENT

1175

1165

1195

1205

Initiate fresh long positions with a fixed stop-loss only if the stock moves beyond ₹1195 levels

₹273 • ITC

S1

S2

R1

R2

COMMENT

271

268

275

278

Near-term outlook is bearish for the stock of ITC. Sell the stock in rallies with a stiff stop-loss

₹175 • ONGC

S1

S2

R1

R2

COMMENT

172

169

178

181

Fresh short positions can be initiated with a stiff stop-loss if the stock of ONGC fails to rally above ₹178 levels

₹912 • Reliance Ind.

S1

S2

R1

R2

COMMENT

900

890

922

935

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹900 levels

₹263 • SBI

S1

S2

R1

R2

COMMENT

258

254

267

272

Fresh long positions can be initiated with a stiff stop-loss if the stock of SBI reverses higher from ₹258 levels

₹3497 • TCS

S1

S2

R1

R2

COMMENT

3480

3450

3520

3544

Consider initiating fresh short positions with a tight stop-loss only if the stock of TC drops below ₹3480 levels

10426 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10375

10325

10475

10525

Initiate fresh short positions with a tight stop-loss if the contract fails to move beyond ₹10475 levels

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

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