Day Trading Guide For May-30

₹2032 • HDFC Bank

S1

S2

R1

R2

COMMENT

2020

2005

2042

2052

Consider initiating fresh short positions with a tight stop-loss only if the stock falls below ₹2020 levels

₹1216 • Infosys

S1

S2

R1

R2

COMMENT

1205

1995

1225

1235

Initiate fresh long positions with a fixed stop-loss if the stock of Infosys advances above ₹1225 levels

₹273 • ITC

S1

S2

R1

R2

COMMENT

271

268

276

279

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹276 levels

₹175 • ONGC

S1

S2

R1

R2

COMMENT

173

170

178

182

Utilise intra-day dips to buy the stock of ONGC while retaining a fixed stop-loss at ₹173 levels

₹917 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

927

940

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹910 levels

₹264 • SBI

S1

S2

R1

R2

COMMENT

260

255

270

275

Initiate fresh short positions with a fixed stop-loss if the stock of SBI reverses down from ₹270 levels

₹3522 • TCS

S1

S2

R1

R2

COMMENT

3500

3480

3550

3575

Fresh short positions are recommended with a stiff stop-loss only if the stock of TCS falls below ₹3500 levels

10615 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10575

10528

10660

10705

Initiate fresh long positions with a tight stop-loss only if the contract rallies above 10,660 levels

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

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