₹1311 • HDFC Bank

S1

S2

R1

R2

COMMENT

1305

1290

1325

1350

Consolidating within the downtrend. Go short on a break below 1305. Stop-loss can be kept at 1315

₹1440 • Infosys

S1

S2

R1

R2

COMMENT

1435

1400

1450

1475

Looks vulnerable for a fresh fall. Initiate fresh short positions now and at 1448 with a stop-loss at 1460

₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

269

272

Wait for an intermediate bounce and initiate fresh short positions at 268. Keep the stop-loss at 271

₹156 • ONGC

S1

S2

R1

R2

COMMENT

152

148

158

161

Near-term downtrend is intact. Initiate fresh short positions now and at 158 with a stop-loss at 160

₹2627 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2614

2550

2650

2680

Holding above a support but can break it. Go short on a break below 2614. Stop-loss can be kept at 2630

₹448 • SBI

S1

S2

R1

R2

COMMENT

444

440

451

455

Resistance can cap the upside. A fresh fall is possible. Go short now and at 450 with a stop-loss at 453

₹3211 • TCS

S1

S2

R1

R2

COMMENT

3180

3150

3245

3300

Resistance ahead. Go short only if the stock reverses lower from 3245. Keep the stop-loss at 3265

15742 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15660

15500

15820

15880

Initiate fresh short positions with a stop-loss at 15720 only if the contract breaks below 15660.

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

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