Day Trading Guide For May-30

9605 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9560

9510

9640

9673

Fresh long positions can be initiated with a fixed stop-loss if the contract reverses higher from 9560 levels



₹1632 • HDFC Bank

S1

S2

R1

R2

COMMENT

1615

1600

1645

1655

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹1615 levels



₹985 • Infosys

S1

S2

R1

R2

COMMENT

975

964

995

1005

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹975 levels



₹316 • ITC

S1

S2

R1

R2

COMMENT

313

310

319

322

Near-term outlook is bullish for the stock of ITC. Make use of dips to buy the stock with a fixed stop-loss



₹175 • ONGC

S1

S2

R1

R2

COMMENT

172

170

177

180

Consider initiating fresh long positions with a stiff stop-loss if the stock advances above ₹177 levels



₹1356 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1340

1327

1370

1385

As long as the stock trades above ₹1,340, its near-term stance remains positive. Buy in declines



₹284 • SBI

S1

S2

R1

R2

COMMENT

281

278

287

290

Initiate fresh long positions with a tight stop-loss only if the stock moves beyond ₹287 levels



₹2571 • TCS

S1

S2

R1

R2

COMMENT

2550

2530

2590

2608

Consider initiating fresh long positions with a stiff stop-loss if the stock reverses higher from ₹2,550 levels



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

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