Day trading guide

Day Trading Guide for June 02, 2020

| Updated on June 01, 2020 Published on June 02, 2020

₹986 • HDFC Bank

S1

S2

R1

R2

COMMENT

970

955

1000

1018

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹970 levels

₹699 • Infosys

S1

S2

R1

R2

COMMENT

690

680

710

720

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹710 levels

₹200 • ITC

S1

S2

R1

R2

COMMENT

198

195

204

207

Consider initiating fresh short positions with a stiff stop-loss if the stock of ITC falls below ₹198 levels

₹83 • ONGC

S1

S2

R1

R2

COMMENT

81

78

87

90

Fresh long positions can be initiated with a tight stop-loss if the stock of ONGC reverses higher from ₹81 levels

₹1520 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1500

1480

1540

1560

Make use of intra-day declines to buy the stock of RIL while maintaining a fixed stop-loss at ₹1,500 levels

₹170 • SBI

S1

S2

R1

R2

COMMENT

164

159

175

180

Near-term stance is positive for the stock of SBI. Buy in declines with a tight stop-loss at ₹164 levels

₹2044 • TCS

S1

S2

R1

R2

COMMENT

2020

2000

2065

2085

Make use of intra-day dips to buy the stock of TCS while retaining a stiff stop-loss at ₹2020 levels

9791 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9725

9660

9850

9910

Initiate fresh short positions with a tight stop-loss only if the contract falls below 9,725 levels

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

Published on June 02, 2020
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