Day trading guide

Day Trading Guide for June 30, 2020

| Updated on June 29, 2020 Published on June 30, 2020

₹1076 • HDFC Bank

S1

S2

R1

R2

COMMENT

1060

1045

1085

1100

As the stock has breached a key hurdle, consider initiating fresh long positions with stop-loss at ₹1060

₹731 • Infosys

S1

S2

R1

R2

COMMENT

725

700

745

760

Go long with stop-loss at ₹700 as the stock is likely to rise on the back of the support between ₹700 and ₹725

₹197 • ITC

S1

S2

R1

R2

COMMENT

193

187

202

205

ITC, though positive, is struggling to sustain above ₹200; so, buy with tight stop-loss only on a strong breakout

₹82 • ONGC

S1

S2

R1

R2

COMMENT

79

76

84

87

Initiate fresh short positions with a tight stop-loss if the stock of ONGC decisively breaks below support at ₹82

₹1723 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1715

1685

1735

1755

Even as the trend is bullish, the stock is charting a sideways trend. So, buy above ₹1,735 with tight stop-loss

₹179 • SBI

S1

S2

R1

R2

COMMENT

174

170

184

190

Since the price action is bearish biased, consider fresh short positions on rallies with stop-loss at ₹184

₹2101 • TCS

S1

S2

R1

R2

COMMENT

2050

2000

2130

2180

Initiate fresh long positions in the stock of TCS if it decisively breaks out of ₹2130; stop-loss can be at ₹2100

10262 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10200

10150

10300

10360

Either buy with tight stop-loss if it reverses higher from 10,200 or buy with tight stop-loss if it rallies above 10,300

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

Published on June 30, 2020
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