₹1304 • HDFC Bank

S1

S2

R1

R2

COMMENT

1290

1280

1315

1330

Stock looks to fall from here. So, go short now and on a rally to 1315 with stop-loss at 1330.

₹1468 • Infosys

S1

S2

R1

R2

COMMENT

1450

1420

1485

1500

Gain over last two sessions may not hold. One can short now with a stop-loss at 1490.

₹274 • ITC

S1

S2

R1

R2

COMMENT

270

265

280

285

Despite correction, the trend is bullish. Go long with stop-loss at 265 if it bounces off 270.

₹155 • ONGC

S1

S2

R1

R2

COMMENT

152

145

160

164

Initiate fresh short positions with a stop-loss at 156 only if the stock breaks below 152.

₹2607 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2550

2480

2650

2685

Consider initiating fresh short positions if it reverses lower from 2650. Stop-loss at 2700.

₹461 • SBI

S1

S2

R1

R2

COMMENT

445

435

470

480

Scrip likely to resume the downtrend. Short the stock with stop-loss at 475.

₹3322 • TCS

S1

S2

R1

R2

COMMENT

3270

3175

3360

3440

Wait for a rise and go short with a stop-loss at 3400 if the stock reverses lower from 3360.

16165 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16000

15740

16400

16500

Initiate fresh short positions at current level and on a rally to 16300. Stop-loss at 16500.

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

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