Day trading guide

Day Trading Guide for September 24, 2021

| Updated on September 23, 2021

₹1572 • HDFC Bank

S1

S2

R1

R2

COMMENT

1555

1540

1585

1600

Strong resistance ahead. Go long with a stop-loss at 1,555 only if the stock breaks above 1,585

₹1742 • Infosys

S1

S2

R1

R2

COMMENT

1735

1720

1745

1760

Outlook is bullish. Go long now and accumulate on dips at 1735. Keep the stop-loss at 1725

₹242 • ITC

S1

S2

R1

R2

COMMENT

241

237

244

246

Signals an intermediate turn-around. Go short now and on rallies at 244 with a stop-loss at 247

₹138 • ONGC

S1

S2

R1

R2

COMMENT

136

131

139

150

Initiate fresh short positions if ONGC reverses lower from 139. Keep the stop-loss at 142.

₹2488 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2450

2410

2500

2600

Initiate fresh long positions with a stop-loss at 2,470 0nly if the stock breaks above 2,500.

₹450 • SBI

S1

S2

R1

R2

COMMENT

445

440

455

460

Outlook is bullish. Go long now and accumulate on dips at 445. Stop-loss can be kept at 441

₹3872 • TCS

S1

S2

R1

R2

COMMENT

3850

3815

3900

3945

Near-term view is positive. Initiate fresh long positons with a stop-loss at 3840

17842 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17760

17700

17900

18000

Uptrend gains momentum. Go long now and on dips at 17785. Keep the stop-loss at 17,740

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

Published on September 24, 2021

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