Day trading guide

Day Trading Guide for October 05, 2021

| Updated on October 04, 2021

₹1588 • HDFC Bank

S1

S2

R1

R2

COMMENT

1577

1560

1595

1610

Near-term view is negative. Go short now and add on rallies at 1595 with a stop-loss at 1605

₹1682 • Infosys

S1

S2

R1

R2

COMMENT

1670

1660

1690

1700

Immediate outlook is bullish. Go long and accumulate on dips at 1670. Keep the stop-loss at 1655

₹237 • ITC

S1

S2

R1

R2

COMMENT

235

232

239

242

Short-term trend is down. Wait for a rise and go short at 238. Stop-loss can be placed at 241

₹148 • ONGC

S1

S2

R1

R2

COMMENT

147

144

150

155

Outlook is unclear. Go long positions with a stop-loss at 148 only if the stock breaks above 150.

₹2558 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2540

2500

2580

2600

Resistance ahead. Initiate fresh long positions on a break above 2580. Keep the stop-loss at 2560.

₹463 • SBI

S1

S2

R1

R2

COMMENT

452

440

465

475

Near-term view is positive. Initiate fresh long positions and add on dips with a stop-loss at 448

₹3773 • TCS

S1

S2

R1

R2

COMMENT

3750

3700

3810

3850

Going up within the sideways range. Initiate fresh long positions. Keep the stop-loss at 3740

17715 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17640

17580

17740

17800

Resistance ahead. Go long only if the contract breaks above 17740. Stop-loss can be placed at 17680

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

Published on October 05, 2021

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