₹1349 • 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.

₹1527 • Infosys

S1

S2

R1

R2

COMMENT

1500

1480

1535

1550

Near-term outlook is negative. Initiate fresh short positions now with a stop-loss at 1555.

₹256 • ITC

S1

S2

R1

R2

COMMENT

252

248

258

262

Go long in the stock if it breaks out of the hurdle at 258. Stop-loss can be at 254.

₹159 • ONGC

S1

S2

R1

R2

COMMENT

156

152

162

165

Outlook is negative. Go short now and on a rise at 162. Stop-loss can be placed at 166.

₹2449 • 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

₹477 • SBI

S1

S2

R1

R2

COMMENT

470

464

478

481

Stock could fall from here. Initiate fresh short at current levels; stop-loss can be placed at 487.

₹3412 • TCS

S1

S2

R1

R2

COMMENT

3385

3330

3470

3520

There is a support at 3385. One can short afresh with stop-loss at 3420 once the price falls below 3385.

16203 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16000

15800

16300

16385

Go short at current level and on a rally to 16385 as the broader trend is bearish. Stop-loss at 16425.

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

comment COMMENT NOW