Day Trading Guide For May-31

9619 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9575

9525

9640

9675

As long as the contact trades above 9575 levels, its near-term stance remains bullish. Buy with a tight stop-loss



₹1628 • HDFC Bank

S1

S2

R1

R2

COMMENT

1615

1600

1645

1655

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



₹996 • Infosys

S1

S2

R1

R2

COMMENT

985

975

1005

1015

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



₹310 • ITC

S1

S2

R1

R2

COMMENT

307

303

313

316

The stock is in a corrective decline, after a strong rally. Go short on a fall below ₹307 with a fixed stop-loss



₹178 • ONGC

S1

S2

R1

R2

COMMENT

175

172

180

183

The stock faces a key resistance at ₹180. Initiate fresh long positions only if the stock advances above this level



₹1358 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1340

1327

1370

1385

Fresh long positions can be initiated with a tight stop-loss if the stock moves beyond ₹1370 levels



₹288 • SBI

S1

S2

R1

R2

COMMENT

286

283

292

295

Make use of intra-day declines to initiate fresh long positions while maintaining a stiff stop-loss at ₹286 levels



₹2551 • TCS

S1

S2

R1

R2

COMMENT

2530

2510

2570

2590

Fresh long positions are recommended with a stiff stop-loss only if the stock climbs above ₹2570 levels



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

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