Day trading guide

Day Trading Guide for May 28, 2020

| Updated on May 27, 2020

₹903 • HDFC Bank

S1

S2

R1

R2

COMMENT

890

875

920

935

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹890 levels

₹705 • Infosys

S1

S2

R1

R2

COMMENT

695

685

715

725

Make use of intra-day declines to buy the stock of Infosys while maintaining a stop-loss at ₹695 levels

₹192 • ITC

S1

S2

R1

R2

COMMENT

189

186

195

198

Consider initiating fresh long positions with a stiff stop-loss if the stock of ITC rallies above ₹195 levels

₹77 • ONGC

S1

S2

R1

R2

COMMENT

75

73

80

82

Initiate fresh long positions with a tight stop-loss only if the stock of ONGC climbs above ₹80 levels

₹1446 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1430

1412

1460

1475

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹1,430 levels

₹158 • SBI

S1

S2

R1

R2

COMMENT

153

149

164

169

Make use of intra-day dips to buy the stock while retaining a fixed stop-loss at ₹153 levels

₹2005 • TCS

S1

S2

R1

R2

COMMENT

1985

1965

2025

2045

Initiate fresh long positions with a stiff stop-loss only if the stock of TCS advances above ₹2,025 levels

9309 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9230

9170

9370

9440

Fresh long positions can be initiated with a fixed stop-loss if the contract reverses higher from ₹9,230 levels

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

Published on May 28, 2020

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