Day trading guide

Day Trading Guide for June 24, 2020

| Updated on June 23, 2020 Published on June 24, 2020

₹1040 • HDFC Bank

S1

S2

R1

R2

COMMENT

1025

1010

1055

1070

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹1,025 levels

₹720 • Infosys

S1

S2

R1

R2

COMMENT

710

700

730

740

Make use of intra-day dips to buy the stock of Infosys while maintaining a stiff stop-loss at ₹710 levels

₹185 • ITC

S1

S2

R1

R2

COMMENT

182

179

188

191

Consider initiating fresh long positions with a tight stop-loss if the stock of ITC moves beyond ₹188 levels

₹85 • ONGC

S1

S2

R1

R2

COMMENT

83

80

88

91

Make use of intra-day declines to buy the stock of ONGC with a fixed stop-loss at ₹83 levels

₹1720 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1705

1685

1735

1750

Fresh long positions are recommended with a tight stop-loss only if the stock jumps above ₹1,735 levels

₹192 • SBI

S1

S2

R1

R2

COMMENT

187

182

198

206

Initiate fresh long positions with a stiff stop-loss if the stock of SBI rebounds up from ₹187 levels

₹2035 • TCS

S1

S2

R1

R2

COMMENT

2010

1990

2055

2075

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹2,055 levels

10467 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10400

10345

10520

10580

Near-term stance is positive as long as the contract trades above 10,400. Buy in declines with a fixed stop-loss

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

Published on June 24, 2020
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