₹1396 • HDFC Bank

S1

S2

R1

R2

COMMENT

1375

1355

1400

1440

Initiate fresh long positions only if the stock breaks above 1400. Keep the stop-loss at 1380

₹1499 • Infosys

S1

S2

R1

R2

COMMENT

1475

1455

1525

1560

Near-term outlook is positive. Go long now and on dips at 1480. Stop-loss can be kept at 1465

₹292 • ITC

S1

S2

R1

R2

COMMENT

285

280

293

296

Upmove seems to have resumed. Initiate fresh long positions now with a stop-loss at 283

₹124 • ONGC

S1

S2

R1

R2

COMMENT

119

116

126

130

Rally may not sustain. Go short on a break below 119. Keep the stop-loss at 121

₹2388 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2370

2310

2440

2515

Can move up before further fall. Go short on a rally to 2435. Stop-loss can be kept at 2465.

₹487 • SBI

S1

S2

R1

R2

COMMENT

477

472

484

486

Price action is bullish. Initiate fresh long positions now with a stop-loss at 480

₹3288 • TCS

S1

S2

R1

R2

COMMENT

3235

3200

3305

3360

Resistance ahead. Go long only if TCS breaks above 3305. Keep the stop-loss at 3260

16161 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16050

16000

16200

16300

Initiate fresh long positions only if the contract breaks out of 16200. Stop-loss at 16,050.

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

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