Day trading guide

Day Trading Guide for June 12, 2020

| Updated on June 11, 2020 Published on June 12, 2020

₹968 • HDFC Bank

S1

S2

R1

R2

COMMENT

955

940

985

1000

Initiate fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹985 levels

₹703 • Infosys

S1

S2

R1

R2

COMMENT

692

683

713

722

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹692 levels

₹194 • ITC

S1

S2

R1

R2

COMMENT

192

188

198

201

Make use of intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹198 levels

₹86 • ONGC

S1

S2

R1

R2

COMMENT

84

81

89

92

Consider initiating fresh short positions with a stiff stop-loss if the stock of ONGC reverses down from ₹89

₹1537 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1523

1505

1550

1570

Fresh short positions can be initiated with a tight stop-loss if the stock declines below ₹1,523 levels

₹177 • SBI

S1

S2

R1

R2

COMMENT

172

165

183

190

Go short only if the stock of SBI falls below ₹172 levels while maintaining a fixed stop-loss

₹2067 • TCS

S1

S2

R1

R2

COMMENT

2050

2030

2090

2110

Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹2,090 levels

9894 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9830

9750

9950

10020

Consider initiating fresh short positions with a tight stop-loss if the contract fails to rally above 9,950 levels

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

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Published on June 12, 2020
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