Day trading guide

Day Trading Guide for September 21, 2021

| Updated on September 20, 2021

₹1560 • HDFC Bank

S1

S2

R1

R2

COMMENT

1545

1530

1565

1585

Outlook is bearish. Initiate fresh short positions at current levels with a stop-loss at 1575

₹1687 • Infosys

S1

S2

R1

R2

COMMENT

1678

1665

1692

1710

Coming down within its range. Go short at current levels with a tight stop-loss at 1695

₹233 • ITC

S1

S2

R1

R2

COMMENT

230

222

236

240

Has room to fall further in the near-term. Initiate fresh short positions with a stop-loss at 238

₹128 • ONGC

S1

S2

R1

R2

COMMENT

125

118

130

135

Hovers near a resistance. Go long only if the stock breaks above 130. Keep the stop-loss at 127

₹2392 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2365

2320

2415

2455

Go short now and accumulate on intraday rallies at 2410. Stop-los can be palced at 2425

₹437 • SBI

S1

S2

R1

R2

COMMENT

435

422

444

452

Poised at a key support. Go short only if the stock falls below 435. Keep the stop-loss at 438

₹3820 • TCS

S1

S2

R1

R2

COMMENT

3800

3750

3870

3910

Initiate fresh short positions with a stop-loss at 3815 only if the stock breaks below 3800

17356 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17300

17200

17425

17470

Has broken the uptrend. Go short now and on rallies at 17400. Stop-loss can be placed at 17430

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

Published on September 21, 2021

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