Day trading guide

Day Trading Guide For May-31

| Updated on May 31, 2019 Published on May 31, 2019

₹2439 • HDFC Bank

S1

S2

R1

R2

COMMENT

2425

2410

2450

2465

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹2,425 levels

₹733 • Infosys

S1

S2

R1

R2

COMMENT

726

720

740

747

Fresh long positions can be initiated with a stiff stop-loss if the stock of Infosys rebounds up from ₹726 levels

₹289 • ITC

S1

S2

R1

R2

COMMENT

286

283

291

294

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹286 levels

₹169 • ONGC

S1

S2

R1

R2

COMMENT

166

163

172

175

Consider initiating fresh short positions with a fixed stop-loss if the stock of ONGC fails to move beyond ₹172 levels

₹1330 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1316

1300

1345

1360

Initiate fresh long positions with a tight stop-loss if the stock of RIL reverses higher from ₹1,316 levels

₹353 • SBI

S1

S2

R1

R2

COMMENT

348

343

358

363

Fresh long positions can be initiated with a stiff stop-loss only if the stock of SBI advances above ₹358 levels

₹2145 • TCS

S1

S2

R1

R2

COMMENT

2125

2105

2165

2185

Near-term stance is positive for the stock. Make use of intra-day declines to buy with a stop-loss at ₹2,125 levels

11944 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11900

11850

11995

12042

As long as the contract trades above 11,900 the near-term view will be positive. Buy in dips with a fixed stop-loss

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

Published on May 31, 2019

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