Day trading guide

Day Trading Guide for June 23, 2020

| Updated on June 22, 2020 Published on June 23, 2020

₹1028 • HDFC Bank

S1

S2

R1

R2

COMMENT

1013

1000

1040

1055

Initiate fresh long positions with a fixed stop-loss only if the stock rallies above ₹1,040 levels

₹703 • Infosys

S1

S2

R1

R2

COMMENT

690

680

710

720

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹710 levels

₹185 • ITC

S1

S2

R1

R2

COMMENT

182

179

188

191

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹188 levels

₹84 • ONGC

S1

S2

R1

R2

COMMENT

82

79

87

90

Consider initiating fresh long positions with a stiff stop-loss if the stock of ONGC climbs above ₹87 levels

₹1747 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1734

1720

1765

1780

Make use of intra-day declines to buy the stock of RIL while maintaining a stiff stop-loss at ₹1,734 levels

₹187 • SBI

S1

S2

R1

R2

COMMENT

182

175

194

200

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI rebounds up from ₹182 levels

₹2028 • TCS

S1

S2

R1

R2

COMMENT

2005

1980

2050

2070

Initiate fresh short positions with a tight stop-loss only if the stock slumps below ₹2,005 levels

10288 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10230

10170

10345

10400

Fresh long positions can be initiated with a fixed stop-loss if the contract reverses higher from ₹10,230 levels

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

Published on June 23, 2020
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