Day trading guide

Day Trading Guide for October 23, 2019

| Updated on October 22, 2019

₹1238 • HDFC Bank

S1

S2

R1

R2

COMMENT

1227

1215

1250

1265

Fresh short positions can be initiated with a stiff stop-loss only if the stock falls below ₹1,227 levels

₹643 • Infosys

S1

S2

R1

R2

COMMENT

635

625

657

670

Near-term outlook is bearish for the stock. Make use of intra-day rallies to go short with a stop-loss at ₹657

₹248 • ITC

S1

S2

R1

R2

COMMENT

246

243

252

255

Initiate fresh long positions with a tight stop-loss if the stock of ITC rebounds up from ₹246 levels

₹144 • ONGC

S1

S2

R1

R2

COMMENT

141

138

146

149

Consider initiating fresh long positions with a fixed stop-loss if the stock of ONGC reverses higher from ₹141

₹1414 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1400

1380

1430

1445

Initiate fresh short positions with a stiff stop-loss only if the stock of RIL declines below ₹1,400 levels

₹270 • SBI

S1

S2

R1

R2

COMMENT

263

255

275

283

Make use of intra-day dips to buy the stock of SBI while maintaining a fixed stop-loss at ₹263 levels

₹2051 • TCS

S1

S2

R1

R2

COMMENT

2030

2010

2075

2100

Fresh long positions are recommended with a stiff stop-loss only if the stock of TCS moves beyond ₹2,075 levels

11624 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11570

11520

11670

11715

Initiate fresh short positions with a tight stop-loss only if the contract drops below 11,570 levels

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

Published on October 23, 2019

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