₹1308 • HDFC Bank

S1

S2

R1

R2

COMMENT

1295

1280

1315

1335

Wait for a rise and go short only if the stock reverses lower from 1315. Keep the stop-loss at 1325

₹1422 • Infosys

S1

S2

R1

R2

COMMENT

1400

1350

1445

1475

Fresh fall has begun. Initiate short positions now and accumulate at 1440 with a stop-loss at 1460

₹263 • ITC

S1

S2

R1

R2

COMMENT

262

259

267

271

Poised above a key support. Go short only if ITC breaks below 262. Stop-loss can be kept at 264

₹151 • ONGC

S1

S2

R1

R2

COMMENT

148

145

153

156

Downtrend is intact and is very strong. Go short now and on a rise at 152. Keep the stop-loss at 155

₹2596 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2580

2540

2615

2670

Bearish with a head and shoulder pattern. Go short now and at 2610 with a stop-loss at 2630

₹451 • SBI

S1

S2

R1

R2

COMMENT

448

443

455

463

Near-term support ahead. Go short only if SBI breaks below 448. Stop-loss can be kept at 451

₹3207 • TCS

S1

S2

R1

R2

COMMENT

3190

3160

3230

3280

Can see a fresh fall from here. Go short now and on a rise at 3225. Keep the stop-loss at 3240

15701 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15650

15500

15750

15800

Bias is negative. Go short when the contract breaks below 15650. Stop-loss can be kept at 15720

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

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