Day trading guide

Day Trading Guide For June 19, 2020

| Updated on June 18, 2020 Published on June 19, 2020

₹1020 • HDFC Bank

S1

S2

R1

R2

COMMENT

1000

975

1040

1065

The stock has closed above the crucial resistance of ₹1,000. Hence, buy the stock on dips with tight stop-loss

₹714 • Infosys

S1

S2

R1

R2

COMMENT

700

680

720

740

Though Infosys stays above ₹700, there is a resistance at ₹720. So, go long with tight stop-loss above ₹720

₹186 • ITC

S1

S2

R1

R2

COMMENT

178

173

192

197

The stock was unable to breach the hurdle at ₹186. Initiate fresh longs if the price rallies above that level

₹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

₹1656 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1630

1600

1700

1730

As the stock is in a strong uptrend, fresh long positions can be initiated with stop-loss at ₹1,600

₹179 • SBI

S1

S2

R1

R2

COMMENT

175

172

180

184

The stock of SBI is testing the resistance at ₹180; buy the stock only if it decisively breaks out of that level

₹2038 • 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

10075 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10000

9950

10140

10200

Consider fresh long positions with stop-loss at 10,000 as the contract has broken out of the critical resistance

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

Published on June 19, 2020
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