Day trading guide

Day Trading Guide For June-28

| Updated on June 27, 2018 Published on June 27, 2018

₹2111 • HDFC Bank

S1

S2

R1

R2

COMMENT

2100

2075

2120

2150

Resistance ahead. Go long with a stop-loss at ₹2,105 only if the stock breaks above ₹2,120.

₹1269 • Infosys

S1

S2

R1

R2

COMMENT

1260

1240

1295

1310

Initiate fresh short positions if Infosys breaks below ₹1,260. Keep the stop-loss at ₹1,270

₹262 • ITC

S1

S2

R1

R2

COMMENT

260

257

265

267

Stuck in a narrow range. Go short if ITC declines below ₹260. Stop-loss can be placed at ₹263

₹156 • ONGC

S1

S2

R1

R2

COMMENT

155

150

159

162

Downtrend is intact. Go short and also accumulate on rallies. Keep the stop-loss at ₹161

₹965 • Reliance Ind.

S1

S2

R1

R2

COMMENT

950

910

980

1000

Short-term view is negative. Go short and also accumulate on rallies with a stop-loss at ₹990

₹262 • SBI

S1

S2

R1

R2

COMMENT

260

245

265

275

Initiate fresh short positions with a stop-loss at ₹265 only if SBI breaks below ₹260

₹1860 • TCS

S1

S2

R1

R2

COMMENT

1850

1820

1885

1900

Go long if the stock reverses higher from ₹1850. Keep the stop-loss at ₹1,835

10671 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10640

10600

10700

10750

Outlook is bearish. Go short and also accumulate on rallies with a stop-loss at 10,715

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

Published on June 27, 2018
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