Day trading guide

Day Trading Guide for August 12, 2021

| Updated on August 11, 2021

₹1494 • HDFC Bank

S1

S2

R1

R2

COMMENT

1480

1464

1508

1525

Consider initiating fresh long positions with a fixed stop-loss only if the stock climbs above ₹1,508 levels

₹1677 • Infosys

S1

S2

R1

R2

COMMENT

1665

1650

1685

1695

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹1,665 levels

₹208 • ITC

S1

S2

R1

R2

COMMENT

206

204

210

212

Initiate fresh long positions with a fixed stop-loss only if the stock of ITC rallies above ₹210 levels

₹117 • ONGC

S1

S2

R1

R2

COMMENT

115

113

119

122

Make use of intraday dips to buy the stock of ONGC while maintaining a stiff stop-loss at ₹115 levels

₹2116 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2100

2082

2133

2150

Initiate fresh long positions with a tight stop-loss if the stock of RIL rebounds up from ₹2,100 levels

₹428 • SBI

S1

S2

R1

R2

COMMENT

423

418

433

438

Fresh long positions can be initiated with a stiff stop-loss if the stock advances above ₹433 levels

₹3340 • TCS

S1

S2

R1

R2

COMMENT

3320

3300

3360

3385

Consider initiating fresh short positions with a tight stop-loss if the stock falls below ₹3,320 levels

16283 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16230

16170

16335

16385

Initiate fresh long positions with a fixed stop-loss if the contract reverses higher from 16,230 levels

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

Published on August 12, 2021

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