₹1367 • HDFC Bank

S1

S2

R1

R2

COMMENT

1350

1320

1380

1420

Near-term view is negative. Go short if the stock falls below 1350. Keep the stop-loss at 1365.

₹1500 • Infosys

S1

S2

R1

R2

COMMENT

1495

1470

1530

1555

Trading across a horizontal trend and lacks direction. Refrain from trading this stock.

₹268 • ITC

S1

S2

R1

R2

COMMENT

264

260

272

277

Near-term outlook is positive. Go long if the stock rebounds from the support at 264.

₹163 • ONGC

S1

S2

R1

R2

COMMENT

155

150

164

169

Rally might be capped at the current level. Short with stop-loss at 170.

₹2724 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2670

2630

2785

2850

Initiate fresh short positions if price falls below 2700. Stop-loss can be at 2760.

₹471 • SBI

S1

S2

R1

R2

COMMENT

460

450

476

485

Strong resistance ahead at 476. Short if the stock moves up to 476 with stop-loss at 485.

₹3404 • TCS

S1

S2

R1

R2

COMMENT

3350

3315

3420

3460

Outlook is bearish. Initiate fresh short positions now and at 3450 with a stop-loss at 3520.

16355 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16350

16225

16440

16500

Trend is bearish. Short now and on a rally to 16440 with stop-loss 16500.

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

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