Day trading guide

Day Trading Guide for January 27, 2021

| Updated on January 27, 2021

₹1462 • HDFC Bank

S1

S2

R1

R2

COMMENT

1450

1436

1475

1490

Consider initiating fresh short positions with a stiff stop-loss only if the stock falls below ₹1,450 levels

₹1322 • Infosys

S1

S2

R1

R2

COMMENT

1311

1300

1335

1347

Initiate fresh short positions with a fixed stop-loss only if the stock of Infosys reverses down from ₹1,335

₹207 • ITC

S1

S2

R1

R2

COMMENT

205

202

210

213

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC declines below ₹205 levels

₹91 • ONGC

S1

S2

R1

R2

COMMENT

89

87

93

96

Consider initiating fresh long positions with a fixed stop-loss if the stock gains above ₹93 levels

₹1939 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1920

1900

1960

1980

Initiate fresh long positions with a stiff stop-loss if the stock of RIL rebounds up from ₹1,900 levels

₹280 • SBI

S1

S2

R1

R2

COMMENT

275

270

285

290

The stock tests a key support at current levels. Go long with a fixed stop-loss on a strong rally above ₹285

₹3290 • TCS

S1

S2

R1

R2

COMMENT

3270

3240

3310

3330

Fresh short positions can be initiated with a stiff stop-loss if the stock of TCS falls below ₹3,270 levels

14254 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14200

14150

14300

14360

Initiate fresh long positions with a tight stop-loss only if the contract moves beyond 14,300 levels

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

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

Published on January 27, 2021
This article is closed for comments.
Please Email the Editor