Day trading guide

Day Trading Guide for October 21, 2020

| Updated on October 20, 2020 Published on October 21, 2020

₹1224 • HDFC Bank

S1

S2

R1

R2

COMMENT

1200

1180

1236

1260

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹1,236

₹1137 • Infosys

S1

S2

R1

R2

COMMENT

1120

1090

1162

1186

Initiate fresh long positions with a tight stop-loss if the stock breaks out of the resistance at ₹1,162

₹167 • ITC

S1

S2

R1

R2

COMMENT

165

163

171

174

Since the trend is bearish, intraday rallies can be used to short the stock with stop-loss at ₹171

₹67 • ONGC

S1

S2

R1

R2

COMMENT

66.8

65.7

68.25

70

Consider initiating fresh long positions with a tight stop-loss if the stock rallies above ₹68.25

₹2156 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2070

2000

2230

2300

Since the stock has slipped below support level, fresh sell positions can be initiated with stop at ₹2,230

₹203 • SBI

S1

S2

R1

R2

COMMENT

200

196

210

216

Initiate fresh long positions with fixed stop-loss if the stock of SBI rebounds up from the support ₹200

₹2739 • TCS

S1

S2

R1

R2

COMMENT

2700

2640

2785

2850

Fresh long positions can be initiated with a stiff stop-loss if the stock of TCS breaks out of ₹2,785

11895 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11870

11825

11940

12000

Consider initiating fresh long positions with a tight stop-loss if the contract moves beyond 11,940 levels

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

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Published on October 21, 2020
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