Day trading guide

Day Trading Guide For June 5, 2020

| Updated on June 04, 2020 Published on June 05, 2020

₹1003 • HDFC Bank

S1

S2

R1

R2

COMMENT

990

970

1020

1036

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹990 levels

₹707 • Infosys

S1

S2

R1

R2

COMMENT

697

690

716

725

Initiate fresh long positions with a tight stop-loss if the stock of Infosys reverses higher from ₹697 levels

₹200 • ITC

S1

S2

R1

R2

COMMENT

197

194

203

206

Consider initiating fresh long positions with a tight stop-loss if the stock of ITC moves beyond ₹203 levels

₹84 • ONGC

S1

S2

R1

R2

COMMENT

82

79

87

90

Initiate fresh short positions with a stiff stop-loss if the stock of ONGC falls below ₹82 levels

₹1579 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1560

1540

1600

1620

The stock of RIL faces a key resistance ahead at ₹1,600. Hence, traders should tread with caution

₹174 • SBI

S1

S2

R1

R2

COMMENT

170

164

180

185

Initiate fresh long positions with a fixed stop-loss if the stock SBI advances above ₹180 levels

₹2093 • TCS

S1

S2

R1

R2

COMMENT

2070

2050

2115

2135

Near-term outlook is bullish for the stock. Buy in declines while maintaining a stop-loss at ₹2,070 levels

10017 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9930

9850

10100

10200

Consider initiating fresh long positions with a fixed stop-loss only if the contract rallies above 10,100 levels

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

Published on June 05, 2020
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