Day Trading Guide For May-12

9439 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9400

9350

9470

9500

Fresh long positions are recommended with a tight stop-loss only if the contract moves beyond 9470 levels



₹1546 • HDFC Bank

S1

S2

R1

R2

COMMENT

1535

1524

1558

1570

Initiate fresh short positions with a fixed stop-loss if the stock declines below ₹1535 levels



₹943 • Infosys

S1

S2

R1

R2

COMMENT

935

924

955

965

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹935 levels once again



₹276 • ITC

S1

S2

R1

R2

COMMENT

274

271

279

282

Consider initiating fresh long positions with a stiff stop-loss only if the stock of ITC advances above ₹279 levels



₹184 • ONGC

S1

S2

R1

R2

COMMENT

182

179

187

190

Experiencing selling pressure at the key resistance level, the stock fell almost 2 per cent last session. Sell in rallies



₹1356 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1345

1330

1370

1385

Make use of intra-day rallies to initiate fresh short position on the stock while maintaining a tight stop-loss at ₹1370



₹298 • SBI

S1

S2

R1

R2

COMMENT

295

292

300

303

The stock has been moving in a narrow range over the past five trading sessions. Desist trading for the session



₹2351 • TCS

S1

S2

R1

R2

COMMENT

2330

2310

2370

2390

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹2330 levels



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

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