Day Trading Guide For September 11

₹2042 • HDFC Bank

S1

S2

R1

R2

COMMENT

2020

1985

2060

2080

Wait for rallies and go short with a stop-loss at ₹2,085 if the stock reverses lower from ₹2,060.

₹732 • Infosys

S1

S2

R1

R2

COMMENT

725

700

742

760

Intiate fresh long positions if the stock reverses higher from ₹725. Keep the stop-loss at ₹710

₹306 • ITC

S1

S2

R1

R2

COMMENT

305

300

308

310

Hovers above a support. Go short if ITC breaks below ₹305. Stop-loss can be placed at ₹307

₹168 • ONGC

S1

S2

R1

R2

COMMENT

163

159

171

175

Outlook is bearish. Make use of rallies to go short near ₹170. Keep the stop-loss at ₹173

₹1257 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1250

1230

1262

1275

Initiate fresh short positions with a stop-loss at ₹1,270 if RIL breaks below ₹1,250.

₹285 • SBI

S1

S2

R1

R2

COMMENT

280

275

288

290

Outlook is bearish. Go short and also accumulate on rallies. Keep the stop-loss at ₹291

₹2081 • TCS

S1

S2

R1

R2

COMMENT

2075

2065

2085

2100

Initiate fresh short positions with a stop-loss at ₹2,090 if TCS breaks below ₹2,075.

11492 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11470

11430

11520

11550

Near-term view is negative. Wait for rallies and go short at 11510. Keep the stop-loss at 11535

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

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