Day trading guide

Day Trading Guide for June 17, 2020

| Updated on June 16, 2020 Published on June 17, 2020

₹990 • HDFC Bank

S1

S2

R1

R2

COMMENT

975

962

1003

1018

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹1,003 levels

₹700 • Infosys

S1

S2

R1

R2

COMMENT

690

680

710

720

Consider initiating fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹710 levels

₹184 • ITC

S1

S2

R1

R2

COMMENT

181

178

188

191

As long as the stock of ITC trades below ₹188, the near-term stance remains bearish. Sell on rallies

₹83 • ONGC

S1

S2

R1

R2

COMMENT

81

77

87

90

Initiate fresh short positions with a tight stop-loss if the stock of ONGC slumps below ₹81 levels

₹1617 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1600

1577

1630

1647

Fresh long positions are recommended with a tight stop-loss only if the stock moves above ₹1,630 levels

₹172 • SBI

S1

S2

R1

R2

COMMENT

167

163

178

185

Initiate fresh short positions with a stiff stop-loss if the stock of SBI reverses down from ₹178 levels

₹2044 • TCS

S1

S2

R1

R2

COMMENT

2030

2010

2070

2090

Fresh long positions can be initiated with a fixed stop-loss only if the stock TCS advances above ₹2070 levels

9897 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9820

9750

9950

10020

Consider initiating fresh long positions with a tight stop-loss if the contract moves beyond 9,950 levels

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

Published on June 17, 2020
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