Day trading guide

Day Trading Guide for August 20, 2020

| Updated on August 19, 2020

₹1067 • HDFC Bank

S1

S2

R1

R2

COMMENT

1050

1035

1080

1095

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹1,050 levels

₹959 • Infosys

S1

S2

R1

R2

COMMENT

950

940

970

980

Consider initiating fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹970 levels

₹198 • ITC

S1

S2

R1

R2

COMMENT

195

192

201

204

Make use of intra-day rallies to sell the stock of ITC while retaining a fixed stop-loss at ₹201 levels

₹79 • ONGC

S1

S2

R1

R2

COMMENT

77

75

81

83

Fresh long positions can be initiated with a tight stop-loss if the stock of ONGC climbs above ₹81 levels

₹2133 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2110

2090

2150

2170

Consider initiating fresh long positions with a stiff stop-loss if the stock of RIL reverses higher from ₹2,110 levels

₹197 • SBI

S1

S2

R1

R2

COMMENT

190

185

202

208

Fresh long positions are recommended with a fixed stop-loss only if the stock of SBI jumps above ₹202 levels

₹2256 • TCS

S1

S2

R1

R2

COMMENT

2225

2200

2280

2300

Initiate fresh long positions with a stiff stop-loss only if the stock advances above ₹2,280 levels

11420 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11370

11320

11470

11525

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 11,370 levels

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

Published on August 20, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor