Day trading guide

Day Trading Guide For June 18, 2020

| Updated on June 17, 2020 Published on June 18, 2020

₹979 • HDFC Bank

S1

S2

R1

R2

COMMENT

975

962

1000

1018

The stock is facing a crucial resistance at ₹1,000. So, buy the stock with tight stop-loss if it breaches that level

₹703 • Infosys

S1

S2

R1

R2

COMMENT

690

680

710

720

Infosys is struggling to rally; nonetheless, initiate short positions if price breaches the support at ₹695

₹181 • ITC

S1

S2

R1

R2

COMMENT

178

173

186

190

The trend remains bearish for ITC and so initiate fresh short positions on rallies with stop-loss at ₹186

₹84 • 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

₹1615 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1600

1577

1630

1647

Fresh long positions are recommended with tight stop-loss only if the stock moves above ₹1,635

₹173 • SBI

S1

S2

R1

R2

COMMENT

167

163

178

185

The stock of SBI can be bearish until the price is below ₹180; hence, initiate sell positions on rallies

₹2047 • TCS

S1

S2

R1

R2

COMMENT

2030

2000

2070

2090

₹2,070 has been acting as a strong hindrace for TCS. Hence, buy the stock with tight stop-loss above ₹2,070

9850 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9800

9750

9950

10020

Consider initiating fresh short positions with tight stop-loss if the contract decisively breaks below 9,800 levels

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

Published on June 18, 2020
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