Day Trading Guide for August 6, 2020

S1

S2

R1

R2

COMMENT

1015

1000

1042

1055

Consider initiating fresh long positions with a stiff stop-loss only if the stock climbs above ₹1,042 levels

S1

S2

R1

R2

COMMENT

935

925

955

965

Fresh short positions are recommended with a fixed stop-loss if the stock of Infosys drops below ₹935 levels

S1

S2

R1

R2

COMMENT

190

187

195

198

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹195 levels

S1

S2

R1

R2

COMMENT

74

72

78

80

Fresh long positions can be initiated with a tight stop-loss only if the stock of ITC advances above ₹78 levles

S1

S2

R1

R2

COMMENT

2110

2090

2140

2160

Fresh short positions are recommended with a fixed stop-loss if the stock declines below ₹2,110 levels

S1

S2

R1

R2

COMMENT

186

179

196

201

Initiate fresh long positions with a tight stop-loss only if the stock of SBI jumps above ₹196 levels

S1

S2

R1

R2

COMMENT

2235

2210

2280

2300

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹2,280 levels

S1

S2

R1

R2

COMMENT

11070

11020

11175

11225

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 11,070 levels