Day Trading Guide For September-18

₹1992 • HDFC Bank

S1

S2

R1

R2

COMMENT

1982

1967

2005

2029

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹2,005 levels

₹726 • Infosys

S1

S2

R1

R2

COMMENT

720

712

734

742

Consider initiating fresh short positions with a stiff stop-loss if the stock of Infosys falls below ₹720 levels

₹301 • ITC

S1

S2

R1

R2

COMMENT

298

296

305

308

Near-term outlook is turning bearish for the stock of ITC. Make use of rallies to sell the stock with a fixed stop-loss

₹171 • ONGC

S1

S2

R1

R2

COMMENT

169

166

174

177

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹174 levels

₹1226 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1210

1190

1238

1252

The stock is experiencing selling pressure at higher levels. Consider selling in intra-day rally with a stiff stop-loss

₹285 • SBI

S1

S2

R1

R2

COMMENT

280

275

290

296

Fresh short positions can be initiated with a tight stop-loss if the stock of SBI reverses down from ₹290 levels

₹2071 • TCS

S1

S2

R1

R2

COMMENT

2050

2030

2095

2115

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹2,050 levels

11407 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11360

11310

11460

11510

Fresh short positions can be initiated with a tight stop-loss if the contract fails to move above 11,460 levels

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

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