Day Trading Guide For September-19

₹1860 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1830

1865

1900

Initiate fresh long positions with a stop-loss at ₹1,845 only if the stock breaks above ₹1,865



₹908 • Infosys

S1

S2

R1

R2

COMMENT

900

885

920

945

Wait for dips and go long if the contract bounces from ₹900, Keep the stop-loss at ₹880



₹267 • ITC

S1

S2

R1

R2

COMMENT

265

261

270

275

Outlook is bearish. Go short and also accumulate on rallies. Stop-loss can be placed at ₹271



₹165 • ONGC

S1

S2

R1

R2

COMMENT

163

161

166

168

Make use of dips to initiate long positions near ₹163. Keep the stop-loss at ₹160



₹845 • Reliance Ind.

S1

S2

R1

R2

COMMENT

836

820

853

865

Initiate fresh long positions with a stop-loss at ₹840 only if RIL breaks above ₹852



₹270 • SBI

S1

S2

R1

R2

COMMENT

269

266

275

280

Hovers above a key support. Go short on a break below ₹270 with a stop-loss at ₹273



₹2499 • TCS

S1

S2

R1

R2

COMMENT

2485

2450

2530

2550

Immediate outlook is not clear. Avoid trading this stock until a clear trend emerges.



10175 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10145

10100

10190

10210

Go long only if the index futures break above 10,190. Keep the stop-loss at 10,170



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

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