Day trading guide

Day Trading Guide for October 28, 2020

| Updated on October 27, 2020 Published on October 28, 2020

₹1233 • HDFC Bank

S1

S2

R1

R2

COMMENT

1220

1205

1245

1260

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹1,245 levels

₹1092 • Infosys

S1

S2

R1

R2

COMMENT

1080

1065

1105

1118

Make use of intra-day rallies to initiate fresh short positions while retaining a tight stop-loss at ₹1,105 levels

₹167 • ITC

S1

S2

R1

R2

COMMENT

165

163

170

173

Initiate fresh short positions with a fixed stop-loss if the stock of ITC fails to move beyond ₹170 levels

₹66 • ONGC

S1

S2

R1

R2

COMMENT

64

62

69

71

Fresh short positions can be initiated with a tight stop-loss if the stock reveres down from ₹69 levels

₹2034 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2015

1995

2050

2075

Fresh long positions are recommended with a stiff stop-loss only if the stock climbs above ₹2,050 levels

₹194 • SBI

S1

S2

R1

R2

COMMENT

190

184

198

204

Initiate fresh short positions with a fixed stop-loss only if the stock of SBI falls below ₹190 levels

₹2631 • TCS

S1

S2

R1

R2

COMMENT

2610

2585

2650

2675

Fresh short positions can be initiated with a stiff stop-loss if the stock of TCS reverses down from ₹2,650

11879 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11825

11770

11930

11980

Consider initiating fresh long positions with a fixed stop-loss if the contract rebounds up from 11,825 levels

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 28, 2020
This article is closed for comments.
Please Email the Editor