Day trading guide

Day Trading Guide for June 9, 2020

| Updated on June 08, 2020

₹1015 • HDFC Bank

S1

S2

R1

R2

COMMENT

1003

990

1030

1045

Consider initiating fresh short positions with a stiff stop-loss only if the stock falls below ₹1,003 levels

₹720 • Infosys

S1

S2

R1

R2

COMMENT

710

700

731

740

Near-term stance is bullish for the stock of Infosys. Buy on declines with a fixed stop-loss at ₹710 levels

₹197 • ITC

S1

S2

R1

R2

COMMENT

195

192

201

204

Initiate fresh short positions with a tight stop-loss if the stock of ITC reverses down from ₹201 levels

₹90 • ONGC

S1

S2

R1

R2

COMMENT

88

85

94

97

Make use of intra-day declines to buy the stock of ONGC while maintaining a stop-loss at ₹88 levels

₹1570 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1550

1530

1592

1610

Fresh long positions are recommended with a tight stop-loss only if the stock moves above ₹1,592 levels

₹186 • SBI

S1

S2

R1

R2

COMMENT

180

174

194

200

Fresh short positions can be initiated with a stiff stop-loss if the stock of SBI slips below ₹180 levels

₹2071 • TCS

S1

S2

R1

R2

COMMENT

2050

2030

2090

2115

Initiate fresh long positions with a tight stop-loss if the stock of TCS reverses higher from ₹2,050 levels

10165 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10040

10230

10300

Initiate fresh short positions with a fixed stop-loss only if the contract slumps below 10,100 levels

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

Published on June 09, 2020

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