₹1494 • HDFC Bank

S1

S2

R1

R2

COMMENT

1485

1440

1525

1550

Sustains below resistance at 1520. Short now and on a rally to 1520 with stop-loss at 1540.

₹1742 • Infosys

S1

S2

R1

R2

COMMENT

1740

1690

1760

1800

Initiate fresh shorts if the stock falls below the support at 1740; stop-loss at 1760.

₹265 • ITC

S1

S2

R1

R2

COMMENT

260

256

270

273

Though trend is bullish, it could fall to 260 before rallying. So, buy at 260 with stop-loss at 255.

₹169 • ONGC

S1

S2

R1

R2

COMMENT

165

160

174

178

Stock could decline from here. Short now and on a rise to 174 with stop-loss at 178.

₹2561 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2560

2510

2600

2650

Price action weak but 2560 is a strong support. Short with stop-loss at 2600 if only 2560 is breached.

₹513 • SBI

S1

S2

R1

R2

COMMENT

510

505

520

525

Near-term correction looks likely. Go short now and on a rise at 518. Keep the stop-loss at 523

₹3691 • TCS

S1

S2

R1

R2

COMMENT

3650

3610

3720

3780

Short-term outlook looks unclear. Refrain from trading this stock.

17577 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17500

17400

17600

17700

Looks vulnerable to fall. Go short at current level. Stop-loss can be kept at 17720.

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

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