Day trading guide

Day Trading Guide for June 17, 2021

| Updated on June 16, 2021

₹1484 • HDFC Bank

S1

S2

R1

R2

COMMENT

1470

1455

1500

1515

The stock is range-bound over the past five trading sessions. Go long with a fixed stop-loss above ₹1,500 levels

₹1480 • Infosys

S1

S2

R1

R2

COMMENT

1470

1460

1490

1500

Initiate fresh long positions with a stiff stop-loss only if the stock of Infosys moves beyond ₹1,490 levels

₹207 • ITC

S1

S2

R1

R2

COMMENT

205

202

209

211

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC advances above ₹209 levels

₹126 • ONGC

S1

S2

R1

R2

COMMENT

124

121

129

132

Make use of intraday dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹124 levels

₹2211 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2190

2170

2230

2250

Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹2,230 levels

₹425 • SBI

S1

S2

R1

R2

COMMENT

420

415

430

436

Fresh long positions are recommended with a stiff stop-loss if the stock of SBI moves beyond ₹430 levels

₹3276 • TCS

S1

S2

R1

R2

COMMENT

3250

3225

3300

3325

Initiate fresh long positions with a tight stop-loss only if the stock rebounds up from ₹3,250 levels

15790 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15730

15680

15850

15910

Fresh long positions can be initiated with a fixed stop-loss if the contract rallies above 15,850 levels

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

Published on June 17, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor