Day trading guide

Day Trading Guide for August 7, 2020

| Updated on August 06, 2020 Published on August 07, 2020

₹1040 • HDFC Bank

S1

S2

R1

R2

COMMENT

1026

1010

1055

1070

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

₹969 • Infosys

S1

S2

R1

R2

COMMENT

960

950

980

990

Initiate fresh long positions with a tight stop-loss only if the stock of Infosys advances beyond ₹980 levels

₹195 • ITC

S1

S2

R1

R2

COMMENT

192

190

198

201

Fresh long positions are recommended with stiff stop-loss only if the stock gains above ₹198 levels

₹77 • ONGC

S1

S2

R1

R2

COMMENT

75

72

80

83

Consider initiating fresh short positions with a fixed stop-loss only if the stock of ONGC falls below ₹75 levels

₹2134 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2115

2090

2150

2170

Fresh long positions are recommended with tight stop-loss only if the stock of RIL moves beyond ₹2,150 levels

₹190 • SBI

S1

S2

R1

R2

COMMENT

186

179

196

201

The stock of SBI is range-bound in a narrow band. Desist trading in the stock for the session.

₹2307 • TCS

S1

S2

R1

R2

COMMENT

2280

2255

2330

2350

Make use of intra-day dips to buy the stock of TCS while maintaining a fixed stop-loss at ₹2,280 levels

11199 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11140

11090

11250

11300

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 11,140 levels

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

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Published on August 07, 2020
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