Day trading guide

Day Trading Guide for May 27, 2020

BL Research Bureau | Updated on May 27, 2020

₹853 • HDFC Bank

S1

S2

R1

R2

COMMENT

840

826

870

885

Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹870 levels

₹680 • Infosys

S1

S2

R1

R2

COMMENT

672

660

690

700

Consider initiating fresh short positions with a fixed stop-loss only if the stock declines below ₹672 levels

₹191 • ITC

S1

S2

R1

R2

COMMENT

188

185

194

197

The near-term outlook stays positive as long as the stock of ITC trades above ₹188. Buy in dips

₹76 • ONGC

S1

S2

R1

R2

COMMENT

74

72

78

80

Fresh long positions are recommended with tight stop-loss if the stock ONGC advances above ₹78 levels

₹1423 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1410

1395

1435

1450

Initiate fresh short positions with a fixed stop-loss if the stock of RIL fails to rally above ₹1,435 levels

₹151 • SBI

S1

S2

R1

R2

COMMENT

145

140

155

160

Consider initiating fresh long positions with a stiff stop-loss only if the stock of SBI moves above ₹155 levels

₹1943 • TCS

S1

S2

R1

R2

COMMENT

1920

1900

1965

1985

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹1,965 levels

9046 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

8990

8940

9100

9170

Initiate fresh long positions with a fixed stop-loss only if the contract jumps above 9,100 levels

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

Published on May 27, 2020

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