₹1432 • HDFC Bank

S1

S2

R1

R2

COMMENT

1420

1405

1450

1470

Stuck in the range of 1420 - 1450. Refrain from trading until the stock moves out of this range.

₹1600 • Infosys

S1

S2

R1

R2

COMMENT

1575

1550

1625

1650

Likely to extend the rally. Hence, consider going long with stop-loss at 1575.

₹310 • ITC

S1

S2

R1

R2

COMMENT

307

304

313

317

Might stay flat for some time. Therefore, 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.

₹2572 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2540

2500

2630

2700

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

₹533 • SBI

S1

S2

R1

R2

COMMENT

530

520

536

545

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

₹3355 • TCS

S1

S2

R1

R2

COMMENT

3300

3270

3370

3400

Looks set to appreciate from the current level. Buy the stock with stop-loss at 3300.

17370 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17250

17130

17500

17600

Falls back in to the range 17250 - 17500. Stay away until the contract remains within the range.

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

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