Day trading guide

Day Trading Guide for September 01, 2021

| Updated on August 31, 2021

₹1581 • HDFC Bank

S1

S2

R1

R2

COMMENT

1570

1555

1600

1615

The price action is positive and the stock can gain more; So, go long with a stop-loss at ₹1,568

₹1706 • Infosys

S1

S2

R1

R2

COMMENT

1690

1675

1715

1726

After a rebound, stock faces a hurdle at ₹1,715. Buy with a tight stop if price moves above ₹1,715

₹211 • ITC

S1

S2

R1

R2

COMMENT

210

208

213

215

The stock closing above ₹210 is a bullish sign and hence, one can buy it with stop-loss at ₹209

₹120 • ONGC

S1

S2

R1

R2

COMMENT

118

114

123

125

Stock was able to sustain above ₹120 post breakout. So, consider buying with stop-loss at ₹118

₹2258 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2230

2200

2300

2320

Go long with a tight stop-loss since the price drop on Tuesday is likely to be only a corrective decline

₹426 • SBI

S1

S2

R1

R2

COMMENT

410

400

426

435

As ₹426 is a strong hurdle, consider buying with tight stop-loss if it decisively breaches this level

₹3786 • TCS

S1

S2

R1

R2

COMMENT

3740

3700

3800

3850

The stock appears very bullish and so, one can initiate fresh long positions with stop-loss at ₹3,735

17130 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17100

17050

17200

17250

The contract is in a strong bull trend and likely to gain more. So, consider buying with stop-loss at 17,050

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

Published on September 01, 2021

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

This article is closed for comments.
Please Email the Editor