Day Trading Guide For May-09

9343 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9300

9250

9375

9400

The contract trades in a narrow range. Near-term stance is caution. Desist trading for the session



₹1535 • HDFC Bank

S1

S2

R1

R2

COMMENT

1524

1515

1544

1554

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹1544 levels



₹945 • Infosys

S1

S2

R1

R2

COMMENT

935

924

955

965

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹935 levels



₹272 • ITC

S1

S2

R1

R2

COMMENT

270

267

276

279

Initiate fresh short positions with a tight stop-loss if the stock of ITC fails to move beyond ₹276 levels



₹186 • ONGC

S1

S2

R1

R2

COMMENT

183

180

189

192

Fresh long positions can be initiated with a fixed stop-loss if the stock advances above ₹189 levels



₹1321 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1305

1290

1335

1350

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹1335 levels



₹298 • SBI

S1

S2

R1

R2

COMMENT

295

292

301

304

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹295 levels



₹2341 • TCS

S1

S2

R1

R2

COMMENT

2320

2300

2360

2380

The stock is experiencing buying interest at lower levels. Buy in declines with a stiff stop-loss at ₹2320 levels



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

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