₹1489 • HDFC Bank

S1

S2

R1

R2

COMMENT

1475

1460

1500

1540

Bias is turning bearish on the charts. Go short now and at 1495 with a stop-loss at 1505

₹1455 • Infosys

S1

S2

R1

R2

COMMENT

1445

1420

1470

1490

Still stuck in a range. Go short only on a break below 1445. Stop-loss can be kept at 1455

₹327 • ITC

S1

S2

R1

R2

COMMENT

326

321

330

335

Upmove seems like pausing. Go long only if ITC breaks above 330. Keep the stop-loss at 327

₹132 • ONGC

S1

S2

R1

R2

COMMENT

130

128

134

136

Near-term outlook is negative. Go short now and at 133. Stop-loss can be placed at 135

₹2595 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2565

2520

2620

2660

Resistance ahead. Go short with a stop-loss at 2640 if the stock reverses lower from 2620.

₹538 • SBI

S1

S2

R1

R2

COMMENT

534

530

543

540

Initiate fresh short positions if the stock breaks below 534. Keep the stop-loss at 536

₹3129 • TCS

S1

S2

R1

R2

COMMENT

3105

3080

3150

3185

Consolidates within its downtrend. Go short on a break below 3105 with a stop-loss at 3120

17684 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17600

17480

17800

17900

Go short only if the contract breaks below 17600. Stop-loss can be placed at 17660

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

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