₹1470 • HDFC Bank

S1

S2

R1

R2

COMMENT

1455

1420

1480

1500

Near-term outlook is negative. Go short now and on a rise at 1475 with a stop-loss at 1495

₹1575 • Infosys

S1

S2

R1

R2

COMMENT

1570

1555

1600

1630

Room for more fall. Initiate fresh short positions now and at 1595. Keep the stop-loss at 1610

₹314 • ITC

S1

S2

R1

R2

COMMENT

311

309

317

320

Corrective fall is possible. Initiate fresh short positions now and at 316 with a stop-loss at 319

₹132 • ONGC

S1

S2

R1

R2

COMMENT

130

128

135

138

Can fall from here. But wait for a rise and go short at 134. Stop-loss can be placed at 137

₹2607 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2585

2550

2620

2640

Initiate fresh short positions only if the stock breaks below 2585. Keep the stop-loss at 2595

₹511 • SBI

S1

S2

R1

R2

COMMENT

507

503

518

524

Near-term trend is down. Can fall further from here. Go short now with a tight stop-loss at 515

₹3354 • TCS

S1

S2

R1

R2

COMMENT

3330

3300

3370

3400

Near-term bias is turning weak. Initiate fresh short positions now with a stop-loss at 3380

17499 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17370

17240

17600

17750

Sell-off strengthens. Initiate fresh short positions now and at 17560 with a stop-loss at 17620

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

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