Day Trading Guide For May-26

9510 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9460

9410

9543

9590

Consider initiating fresh long positions with a tight stop-loss if the contract moves beyond 9543 levels



₹1617 • HDFC Bank

S1

S2

R1

R2

COMMENT

1600

1585

1630

1640

Fresh long positions can be initiated with a fixed stop-loss only if the stock reverses higher from ₹1600 levels



₹981 • Infosys

S1

S2

R1

R2

COMMENT

970

960

990

1000

Outlook is bullish for the stock of Infosys. Buy the stock in declines with a fixed stop-loss at ₹970 levels



₹299 • ITC

S1

S2

R1

R2

COMMENT

297

293

303

306

Initiate fresh short positions with a stiff stop-loss only if the stock declines below ₹297 levels



₹174 • ONGC

S1

S2

R1

R2

COMMENT

172

170

176

179

Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC rallies above ₹176 levels



₹1302 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1285

1270

1315

1330

The stock of RIL tests a key support zone. Desist trading in the stock for the session



₹290 • SBI

S1

S2

R1

R2

COMMENT

287

283

293

296

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹293 levels



₹2619 • TCS

S1

S2

R1

R2

COMMENT

2600

2580

2640

2660

As long as the stock of TCS trades above ₹2600, its near-term outlook stays positive. Buy in dips



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

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