₹1341 • HDFC Bank

S1

S2

R1

R2

COMMENT

1315

1300

1350

1385

Initiate fresh long positions with a stop-loss at 1335 only if the stock breaks above 1350.

₹1554 • Infosys

S1

S2

R1

R2

COMMENT

1530

1500

1590

1630

Near-term outlook is negative. Initiate fresh short positions now with a stop-loss at 1580

₹260 • ITC

S1

S2

R1

R2

COMMENT

256

253

263

267

Short-term trend has reversed lower. Go short now and at 262. Keep the stop-loss at 265

₹154 • ONGC

S1

S2

R1

R2

COMMENT

150

144

156

162

Outlook is negative. Go short now and on a rise at 155. Stop-loss can be placed at 158

₹2473 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2400

2345

2500

2550

Downmove strengthens. Go short now and on a rise at 2490. Keep the stop-loss at 2520

₹475 • SBI

S1

S2

R1

R2

COMMENT

470

464

478

481

Fresh leg of fall begins. Go short now and at 477. Stop-loss can be placed at 480

₹3437 • TCS

S1

S2

R1

R2

COMMENT

3385

3330

3470

3520

Corrective rise has ended. Initiate fresh short now and at 3465 with a stop-loss at 3485

16222 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16140

16000

16310

16420

Can see a fresh fall from here. Go short now and at 16290. Keep the stop-loss at 16330

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

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