₹1281 • HDFC Bank

S1

S2

R1

R2

COMMENT

1270

1250

1325

1350

Key support is ahead. Go short only if the stock breaks below 1270. Keep the stop-loss at 1280

₹1397 • Infosys

S1

S2

R1

R2

COMMENT

1375

1320

1450

1480

Outlook is bearish. There is room to fall more from here. Go short now with a stop-loss at 1425

₹261 • ITC

S1

S2

R1

R2

COMMENT

257

250

268

271

Near-term trend is down. Go short now and accumulate at 266. Stop-loss can be placed at 270

₹143 • ONGC

S1

S2

R1

R2

COMMENT

139

132

150

157

Downmove strengthens. Initiate shorts now and on a rise at 148. Keep the stop-loss at 152

₹2560 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2530

2490

2610

2660

Coming down in line with our expectation. Initiate fresh short positions with a stop-loss at 2590

₹441 • SBI

S1

S2

R1

R2

COMMENT

438

433

444

448

Has declined sharply breaking below a support. Go short now and at 443 with a stop-loss at 446

₹3145 • TCS

S1

S2

R1

R2

COMMENT

3080

3000

3175

3200

Short-term view is negative. Go short now and accumulate at 3170. Keep the stop-loss at 3190

15340 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15150

15000

15500

15650

View is negative but be cautious of corrective bounces. Go short with a stop-loss at 15550.

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

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