Day Trading Guide For May 3, 2017



9339 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9290

9250

9372

9400

Initiate fresh short positions with a tight stop-loss only if the contract declines below 9290 levels



₹1542 • HDFC Bank

S1

S2

R1

R2

COMMENT

1530

1515

1555

1567

Consider initiating fresh short positions with a stiff stop-loss if the stock declines below ₹1530 levels



₹921 • Infosys

S1

S2

R1

R2

COMMENT

910

900

930

940

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹910 levels



₹278 • ITC

S1

S2

R1

R2

COMMENT

276

272

281

284

Initiate fresh short positions with a fixed stop-loss only if the stock fails to move beyond ₹281 levels



₹192 • ONGC

S1

S2

R1

R2

COMMENT

189

186

194

197

The near-term outlook is bullish for the stock of ONGC. Buy in declines while maintaining a stiff stop-loss



₹1370 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1355

1340

1385

1400

Fresh short positions can be initiated with a tight stop-loss if the stock of RIL declines below ₹1355 levels



₹288 • SBI

S1

S2

R1

R2

COMMENT

286

283

292

295

Initiate fresh short positions with a fixed stop-loss only if the stock falls below ₹286 levels



₹2291 • TCS

S1

S2

R1

R2

COMMENT

2270

2250

2310

2330

Consider initiating fresh long positions with a fixed stop-loss only if the stock advances above ₹2310 levels

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

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