Day trading guide

Day Trading Guide for October 08, 2021

| Updated on October 07, 2021

₹1610 • HDFC Bank

S1

S2

R1

R2

COMMENT

1590

1560

1625

1660

Wait for dips and go long if the stock reverses higher from 1590. Keep the stop-loss at 1565

₹1690 • Infosys

S1

S2

R1

R2

COMMENT

1660

1640

1710

1740

Range-bound. Can move down within its sideways range. Go short with a stop-loss at 1720

₹233 • ITC

S1

S2

R1

R2

COMMENT

230

225

235

238

Near-term outlook is negative. Go short now and add on a rise at 235 with a stop-loss at 237

₹161 • ONGC

S1

S2

R1

R2

COMMENT

160

154

165

170

Just above a support. Go short with a stop-loss at 163 only if ONGC breaks below 160.

₹2572 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2570

2545

2600

2620

Hovers above a support. Go short with a tight stop-loss at 2585 if the stock breaks below 2570.

₹459 • SBI

S1

S2

R1

R2

COMMENT

453

445

464

472

Wait for dips and go long on a bounce from the support at 453. Stop-loss can be placed at 449

₹3898 • TCS

S1

S2

R1

R2

COMMENT

3875

3840

3945

3985

Outlook is bullish. Go long now and accumulate on dips at 3885. Keep the stop-loss at 3860

17820 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17740

17630

17900

17980

Initiate fresh long positions with a stop-loss at 17,840 only if the contract breaks above 17900.

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

Published on October 08, 2021

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