Day trading guide

Day Trading Guide for October 27, 2020

| Updated on October 26, 2020 Published on October 27, 2020

₹1213 • HDFC Bank

S1

S2

R1

R2

COMMENT

1200

1185

1225

1240

Fresh short positions are recommended with a stiff stop-loss if the stock falls below ₹1,200 levels

₹1112 • Infosys

S1

S2

R1

R2

COMMENT

1100

1088

1124

1137

Initiate fresh short positions with a fixed stop-loss if the stock of Infosys reverses down from ₹1,124 levels

₹168 • ITC

S1

S2

R1

R2

COMMENT

165

163

171

174

Consider initiating fresh short positions with a tight stop-loss if the stock of ITC declines below ₹165 levels

₹68 • ONGC

S1

S2

R1

R2

COMMENT

66

64

70

73

The stock has slipped below its 21-day moving average on last session. Sell on rallies with a fixed stop-loss

₹2028 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2008

1985

2050

2075

RIL trades above a key base level. So, go short with a stiff stop-loss only on a fall below ₹2,008 levels

₹196 • SBI

S1

S2

R1

R2

COMMENT

192

186

201

207

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹201

₹2687 • TCS

S1

S2

R1

R2

COMMENT

2670

2650

2715

2735

Consider initiating fresh short positions with a stiff stop-loss if the stock falls below ₹2,670 levels

11778 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11720

11650

11850

11910

Initiate fresh short positions with a tight stop-loss if the contract fails to move beyond 11,850 levels

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

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Published on October 27, 2020
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