Comments
₹1314 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1300 | 1285 | 1340 | 1375 | Outlook is unclear. Can go either way. Avoid trading this stock until a clear trend emerges |
₹1510 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1505 | 1480 | 1530 | 1560 | Bias is turning negative. Go short now and on a rise at 1525. Keep the stop-loss at 1545 |
₹266 • ITC
S1 | S2 | R1 | R2 | COMMENT |
264 | 262 | 268 | 273 | Key resistance ahead. Go long only if ITC breaks above 268. Stop-loss can be kept at 266 |
₹163 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
160 | 156 | 166 | 170 | Nearing a resistance. Go short with a stop-loss at 168 if the stock reverses lower from 16 |
₹2539 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2525 | 2500 | 2570 | 2600 | Initiate fresh long positions if the RIL bounces from 2525. Keep the stop-loss at 2505. |
₹458 • SBI
S1 | S2 | R1 | R2 | COMMENT |
454 | 446 | 460 | 465 | Outlook is bearish. Go short now and accumulate at 460. Stop-loss can be kept at 462. |
₹3450 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3440 | 3420 | 3480 | 3500 | The risk reward ratio does not suggest a strong entry now. Avoid trading this stock. |
16237 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
16180 | 16000 | 16400 | 16500 | Initiate fresh short positions with a stop-loss at 16230 if the contract breaks below 16180. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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