₹1433 • HDFC Bank

S1

S2

R1

R2

COMMENT

1420

1405

1450

1470

Bounces off the support at 1420. Go long on the stock with stop-loss at 1415.

₹1566 • Infosys

S1

S2

R1

R2

COMMENT

1550

1530

1600

1625

Shows signs of further rally. So, buy the stock with stop-loss at 1530.

₹308 • ITC

S1

S2

R1

R2

COMMENT

307

304

313

317

Might stay flat for the day. Hence, it is better to stay away from trading this stock.

₹136 • ONGC

S1

S2

R1

R2

COMMENT

134

129

138

140

Immediate outlook is unclear. Avoid trading this stock until a clear trend emerges.

₹2606 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2560

2540

2630

2700

Go long on the stock if it rallies past 2615. Place stop-loss at 2585.

₹541 • SBI

S1

S2

R1

R2

COMMENT

536

530

545

550

Trend is up but testing a critical hurdle. One can wait for the break out before taking positions.

₹3340 • TCS

S1

S2

R1

R2

COMMENT

3300

3270

3370

3400

Breaks out of a resistance and looks set to move up. So, go long with stop-loss at 3300.

17424 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17400

17240

17500

17600

Moves out of the range of 17240-17400 and could rally more. Buy with stop-loss at 17300.

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

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