Day trading guide

Day Trading Guide for October 28, 2021

| Updated on October 27, 2021

₹1643 • HDFC Bank

S1

S2

R1

R2

COMMENT

1628

1600

1668

1705

The scrip has a strong support at ₹1,628. Buy with stop-loss at ₹1,600 if it rebounds from ₹1,628

₹1729 • Infosys

S1

S2

R1

R2

COMMENT

1665

1600

1750

1800

Either buy with stop-loss at ₹1,710 if it breaks ₹1,750 or buy with tight stop-loss if it bounces off ₹1,665

₹238 • 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

₹158 • ONGC

S1

S2

R1

R2

COMMENT

155

151

160

164

Stock exhibiting bearish bias and so, consider shorting with a stop-loss at ₹161

₹2627 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2600

2550

2650

2675

As stock is trading in the range of ₹2,600 and ₹2,675, wait for a break before initiating fresh trades

₹519 • SBI

S1

S2

R1

R2

COMMENT

512

507

526

530

Trend is up. Go long now and accumulate on dips at ₹512. Stop-loss can be placed at ₹505.

₹3490 • TCS

S1

S2

R1

R2

COMMENT

3475

3450

3500

3530

Hovers above a support. Initiate short positions with a stop-loss at ₹3,490 on a break below ₹3,475

18215 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

18180

18085

18275

18350

Either buy with stop-loss at 18,120 if it bounces off 18,180 or buy with tight stop-loss if it breaches 18,275

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

Published on October 28, 2021

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