₹1393 • HDFC Bank

S1

S2

R1

R2

COMMENT

1380

1355

1405

1420

Bias is negative. Go short now and accumulate on a rise at 1400. Keep the stop-loss at 1415

₹1452 • Infosys

S1

S2

R1

R2

COMMENT

1440

1410

1465

1485

Coming closer to a support. Go short with a stop-loss at 1455 only on a break below 1440

₹302 • ITC

S1

S2

R1

R2

COMMENT

301

298

304

306

Struggling to gain strength. Go short if ITC breaks below 301. Stop-loss can be kept at 303

₹129 • ONGC

S1

S2

R1

R2

COMMENT

126

124

132

134

Trend is down. Has room to fall within it. Go short now and at 131. Keep the stop-loss at 133

₹2420 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2400

2375

2445

2470

Can fall from here in the near-term. Go short now and at 2440. Stop-loss can be kept at 2455

₹514 • SBI

S1

S2

R1

R2

COMMENT

510

507

518

521

Near-term view is negative. Initiate fresh short positions now and at 517 with a stop-loss at 520

₹3116 • TCS

S1

S2

R1

R2

COMMENT

3095

3075

3145

3185

Key support ahead. Go short only if the stock breaks below 3095. Keep the stop-loss at 3110.

16480 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16440

16370

16520

16600

Outlook is bearish. Go short now and accumulate at 16510. Stop-loss can be placed at 16560

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

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