Day trading guide

Day Trading Guide For June-21

| Updated on June 20, 2018 Published on June 20, 2018

₹2055 • HDFC Bank

S1

S2

R1

R2

COMMENT

2044

2033

2065

2075

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹2044 levels

₹1243 • Infosys

S1

S2

R1

R2

COMMENT

1233

1220

1255

1267

Consider initiating fresh short positions with a fixed stop-loss if the stock falls below ₹1233 levels

₹263 • ITC

S1

S2

R1

R2

COMMENT

261

258

265

267

Initiate fresh long positions with stiff stop-loss only if the stock of ITC rallies above ₹265 levels

₹162 • ONGC

S1

S2

R1

R2

COMMENT

160

157

166

169

Make use of intra-day rallies to sell the stock while maintaining a tight stop-loss at ₹166 levels

₹1019 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1010

1000

1030

1040

Initiate fresh long positions with tight stop-loss only if the stock moves beyond ₹1030 levels

₹273 • SBI

S1

S2

R1

R2

COMMENT

268

263

277

282

Fresh short positions are recommended with a fixed stop-loss if the stock of SBI falls below ₹268 levels

₹1826 • TCS

S1

S2

R1

R2

COMMENT

1810

1790

1845

1865

Make use of intra-day rallies to initiate fresh short positions while retaining a tight stop-loss at ₹1845 levels

10790 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10750

10704

10830

10875

Fresh long positions can be initiated with a stiff stop-loss if the contract reverses higher from 10750 levels

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

Published on June 20, 2018
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