Day Trading Guide For May-10

9350 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9300

9250

9400

9440

Fresh short positions are recommended with a fixed stop-loss only if the contract declines below 9300 levels



₹1535 • HDFC Bank

S1

S2

R1

R2

COMMENT

1524

1515

1545

1555

Initiate fresh short positions with a tight stop-loss if the stock declines below ₹1524 levels



₹946 • Infosys

S1

S2

R1

R2

COMMENT

935

924

955

965

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹935 levels



₹271 • ITC

S1

S2

R1

R2

COMMENT

269

266

274

277

Fresh long positions can be initiated with a fixed stop-loss only if the stock moves beyond ₹274 levels



₹186 • ONGC

S1

S2

R1

R2

COMMENT

183

180

189

192

Consider initiating fresh long positions with a stiff stop-loss if the stock of ONGC rallies above ₹189 levels



₹1330 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1320

1305

1340

1355

Initiate fresh long positions with a tight stop-loss only if the stock of RIL advances above ₹1340 levels



₹296 • SBI

S1

S2

R1

R2

COMMENT

294

291

299

302

The stock is experiencing selling interest at higher level. Go short with fixed stop-loss if it drops below ₹294 levels



₹2352 • TCS

S1

S2

R1

R2

COMMENT

2330

2310

2370

2390

Make use of intraday declines to go long while maintaining a fixed stop-loss at ₹2330 levels



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

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