Day trading guide

Day Trading Guide for September 1, 2020

| Updated on August 31, 2020 Published on September 01, 2020

₹1115 • HDFC Bank

S1

S2

R1

R2

COMMENT

1100

1085

1125

1145

Despite the volatility the stock is in sideways trend; go long above ₹1,125 with a stop-loss at ₹1,100

₹928 • Infosys

S1

S2

R1

R2

COMMENT

918

900

940

960

Consider initiating fresh long positions with tight stop-loss if the stock rebounds from ₹910

₹191 • ITC

S1

S2

R1

R2

COMMENT

190

185

198

203

Short the stock of ITC if it breaks below the crucial support of ₹190. Place a tight stop-loss

₹82 • ONGC

S1

S2

R1

R2

COMMENT

80

77

83.5

85.5

Go long in the stock with tight stop-loss if the price decisively breaches the resistance at ₹83.5

₹2080 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2070

2000

2160

2200

Initiate long trades in the stock with stop-loss at ₹2,000 if price rebounds from yesterday's closing levels

₹212 • SBI

S1

S2

R1

R2

COMMENT

210

207

218

222

Initiate fresh short positions with tight stop if the stock of SBI breaks below the support level of ₹210

₹2257 • TCS

S1

S2

R1

R2

COMMENT

2230

2200

2285

2320

Fresh longs positions can be created with stop-loss at ₹2,200 if the stock rebounds from ₹2,230

11359 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11315

11250

11400

11455

Short positions with stop-loss at 11,360 can be initiated if the contract slips below the support of 11,315

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

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Published on September 01, 2020
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