Day Trading Guide for September 06, 2022 bl-premium-article-image

BL Research Bureau Updated - September 06, 2022 at 06:03 AM.

₹1495 • HDFC Bank

S1

S2

R1

R2

COMMENT

1480

1460

1500

1540

Initiate fresh long positions with a stop-loss at 1490 only if the stock breaks above 1500.

₹1461 • Infosys

S1

S2

R1

R2

COMMENT

1445

1420

1470

1490

Stuck in a range. Go short only if the stock breaks below 1445 with a stop-loss at 1455

₹329 • ITC

S1

S2

R1

R2

COMMENT

326

321

335

342

Uptrend gains momentum. Go long now and on dips at 327. Keep the stop-loss at 324

₹133 • ONGC

S1

S2

R1

R2

COMMENT

132

129

136

139

Poised above a key support. Go short on a break below 132. Stop-loss can be kept at 134

₹2570 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2530

2500

2585

2610

Fresh fall is possible. Initiate fresh short positions now with a tight stop-loss at 2595

₹539 • SBI

S1

S2

R1

R2

COMMENT

534

530

543

550

Initiate fresh long positions only if the stock breaks above 543. Keep the stop-loss at 541

₹3133 • TCS

S1

S2

R1

R2

COMMENT

3110

3080

3150

3200

Can see a fresh fall from here. Initiate fresh short positions with a tight stop-loss at 3160

17704 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17640

17500

17800

17900

Wait for a rise. Go short with a stop-loss at 17860 only if the contract turns down from 17800.

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

Published on September 6, 2022 00:33

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