Day trading guide

Day Trading Guide for September 2, 2020

| Updated on September 01, 2020 Published on September 02, 2020

₹1127 • HDFC Bank

S1

S2

R1

R2

COMMENT

1100

1085

1145

1160

Go long in the stock with stop-loss at ₹1,100 as it has inched above the resistance at ₹1,125

₹914 • Infosys

S1

S2

R1

R2

COMMENT

900

875

940

960

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

₹190 • ITC

S1

S2

R1

R2

COMMENT

185

181

198

203

Short the stock of ITC if it is unable to bounce off the crucial support of ₹190. Place a tight stop-loss

₹79 • ONGC

S1

S2

R1

R2

COMMENT

77

75

83

85.5

Go long in the stock of ONGC with a tight stop-loss if the price decisively rallies past ₹80

₹2087 • 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 ₹2,070

₹218 • SBI

S1

S2

R1

R2

COMMENT

210

207

224

230

Initiate fresh long positions with a tight stop if the stock of SBI breaks out of ₹220

₹2246 • 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

11527 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11500

11460

11575

11615

Long positions with stop-loss at 11,520 can be initiated if the contract moves above 11,575

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

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Published on September 02, 2020
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