Day Trading Guide for June 02, 2021
₹1511 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1500 | 1480 | 1525 | 1545 | Consider initiating fresh long positions with a fixed stop-loss only if the stock climbs above ₹1,525 levels |
₹1387 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1377 | 1365 | 1400 | 1415 | Initiate fresh long positions with a tight stop-loss only if the stock of Infosys gains above ₹1,400 levels |
₹215 • ITC
S1 | S2 | R1 | R2 | COMMENT |
213 | 210 | 218 | 221 | Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹213 levels |
₹117 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
115 | 113 | 120 | 123 | The stock of ONGC regained bullish momentum and rallied 3.5 per cent last session. Buy on dips |
₹2168 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2150 | 2130 | 2185 | 2200 | The stock tests a key resistance and is volatile. Go long with a fixed stop-loss on a strong rally above ₹2,185 |
₹432 • SBI
S1 | S2 | R1 | R2 | COMMENT |
426 | 420 | 437 | 443 | Fresh long positions can be initiated with a stiff stop-loss if the stock of SBI rebounds up from ₹426 levels |
₹3153 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3130 | 3110 | 3180 | 3200 | Consider initiating fresh short positions with a stiff stop-loss only if the stock falls below ₹3,130 levels |
15618 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
15560 | 15500 | 15680 | 15730 | Initiate fresh long positions with a tight stop-loss if the contact reverses higher from 15,560 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.