₹1472 • HDFC Bank

S1

S2

R1

R2

COMMENT

1455

1420

1490

1515

Hovers above a support. Go short if the stock breaks below 1455. Keep the stop-loss at 1470

₹1464 • Infosys

S1

S2

R1

R2

COMMENT

1450

1430

1485

1515

Can rise before reversing lower again. Initiate fresh long positions with a stop-loss at 1445.

₹318 • ITC

S1

S2

R1

R2

COMMENT

315

311

321

323

Trend is up. Go long now and accumulate on dips at 316. Stop-loss can be placed at 313

₹135 • ONGC

S1

S2

R1

R2

COMMENT

132

129

139

142

Wait for dips. Go long only if the stock reverses higher from 132. Keep the stop-loss at 130

₹2560 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2530

2500

2570

2620

Outlook is negative. Can fall further from here. Go short now with a stop-loss at 2585

₹533 • SBI

S1

S2

R1

R2

COMMENT

530

528

536

541

Initiate fresh short positions with a stop-loss at 538 if the stock reverses lower from 536.

₹3131 • TCS

S1

S2

R1

R2

COMMENT

3100

3080

3180

3200

Trend is down. Make use of rallies to go short at 3170. Stop-loss can be placed at 3195

17620 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17570

17440

17650

17720

Can turn down again. Go short on a break below 17570. Keep the stop-loss at 17610

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

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