Day trading guide

Day Trading Guide for October 27, 2021

| Updated on October 26, 2021

₹1655 • HDFC Bank

S1

S2

R1

R2

COMMENT

1645

1620

1665

1680

Stuck in a narrow range. Go long only of the stock breaks above 1665. Keep the stop-loss at 1640.

₹1708 • Infosys

S1

S2

R1

R2

COMMENT

1680

1660

1730

1750

Near-term outlook is negative. Go short now and on a rise at 1725. Stop-loss can be placed at 1745

₹239 • ITC

S1

S2

R1

R2

COMMENT

233

230

242

246

Bouncing back from a key support. Go long now with a stop-loss at 231. Accumulate on dips at 235.

₹163 • ONGC

S1

S2

R1

R2

COMMENT

160

155

166

170

Near-term outlook is not clear. Go long with a stop-loss at 162 only if the stock breaks above 166

₹2666 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2635

2600

2675

2700

Resistance ahead. Initiate fresh long positions with a stop-loss at 2630 if RIL breaks above 2675

₹513 • SBI

S1

S2

R1

R2

COMMENT

509

500

518

530

Trend is up. Go long now and accumulate on dips at 510. Stop-loss can be placed at 505.

₹3486 • TCS

S1

S2

R1

R2

COMMENT

3475

3450

3500

3530

Hovers above a support. Initiate fresh short positions with a stop-loss at 3490 on a break below 3475

18350 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

18270

18150

18450

18600

Outlook has turned bullish. Go long now and on dips at 18290. Keep the stop-loss at 18240.

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

Published on October 27, 2021

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