Day trading guide

Day Trading Guide for June 4, 2021

| Updated on June 03, 2021

₹1520 • HDFC Bank

S1

S2

R1

R2

COMMENT

1508

1493

1530

1544

Make use of intraday dips to buy the stock while retaining a stiff stop-loss at ₹1,508 levels

₹1389 • Infosys

S1

S2

R1

R2

COMMENT

1380

1370

1400

1412

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹1,400 levels

₹209 • ITC

S1

S2

R1

R2

COMMENT

207

204

212

215

Fresh long positions are recommended with a fixed stop-loss only if the stock ITC moves beyond ₹212 levels

₹122 • ONGC

S1

S2

R1

R2

COMMENT

120

117

125

128

Near-term outlook is bullish for the stock of ONGC. Make use of dips to buy the stock with a fixed stop-loss

₹2209 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2190

2170

2225

2245

Fresh short positions can be initiated with a tight stop-loss if the stock fails to move beyond ₹2,225 levels

₹439 • SBI

S1

S2

R1

R2

COMMENT

433

426

445

450

Consider initiating fresh short positions with a stiff stop-loss only if the stock of SBI declines below ₹433

₹3141 • TCS

S1

S2

R1

R2

COMMENT

3120

3100

3160

3180

Initiate fresh short positions with a fixed stop-loss if the stock of TCS slips below ₹3,120 levels

15712 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15650

15600

15760

15810

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 15,650 levels

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

Published on June 04, 2021

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