Day Trading Guide for June 02, 2021

0 314

    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.

    Source

    Leave A Reply

    Your email address will not be published.