Day trading guide

Day Trading Guide for June 4, 2020

| Updated on June 03, 2020 Published on June 04, 2020

₹1022 • HDFC Bank

S1

S2

R1

R2

COMMENT

1005

990

1035

1050

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹1,005 levels

₹701 • Infosys

S1

S2

R1

R2

COMMENT

690

680

710

720

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

₹196 • ITC

S1

S2

R1

R2

COMMENT

194

191

200

203

Initiate fresh short positions with a stiff stop-loss if the stock of ITC declines below ₹194 levels

₹86 • ONGC

S1

S2

R1

R2

COMMENT

84

81

88

90

Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC rallies above ₹88 levels

₹1542 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1530

1515

1555

1575

Consider initiating fresh long positions with a stiff stop-loss if the stock of RIL advances above ₹1,555 levels

₹174 • SBI

S1

S2

R1

R2

COMMENT

170

164

180

185

Initiate fresh long positions with a fixed stop-loss if the stock of SBI rebounds up from ₹170 levels

₹2045 • TCS

S1

S2

R1

R2

COMMENT

2020

2000

2065

2085

Initiate fresh short positions with a stiff stop-loss if the stock of TCS drops below ₹2,020 levels

10071 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10000

9910

10130

10200

Fresh long positions can be initiated with a tight stop-loss only if the contract moves beyond 10,130 levels

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

Published on June 04, 2020
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