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₹1329 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1290 | 1280 | 1330 | 1350 | Stock trading near the resistance at 1330. Hence, short at current level and keep stop-loss at 1350. |
₹1410 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1375 | 1330 | 1420 | 1450 | Stock is likely to decline more. Initiate fresh shorts and place stop-loss at 1430. |
₹273 • ITC
S1 | S2 | R1 | R2 | COMMENT |
270 | 265 | 280 | 285 | Despite recent weakness, the trend is bullish. Go long with stop-loss at 265 if only it bounces off 270. |
₹152 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
145 | 140 | 152 | 160 | Hovering around support-turned-resistance of 152. Go short on the stock with stop-loss at 155. |
₹2612 • 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. |
₹454 • SBI
S1 | S2 | R1 | R2 | COMMENT |
445 | 435 | 470 | 480 | Scrip appears to have resumed downtrend. Short the stock with stop-loss at 470. |
₹3168 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3120 | 3060 | 3230 | 3275 | In strong downward momentum. Short the stock with stop-loss at 3250. |
16016 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
16000 | 15740 | 16200 | 16300 | Initiate fresh short positions with stop-loss at 16150 if the contract breaches the support at 16000. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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