Day Trading Guide for May 27, 2020
by BL Research Bureau₹853 • HDFC Bank
| S1 | S2 | R1 | R2 | COMMENT |
| 840 | 826 | 870 | 885 | Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹870 levels |
₹680 • Infosys
| S1 | S2 | R1 | R2 | COMMENT |
| 672 | 660 | 690 | 700 | Consider initiating fresh short positions with a fixed stop-loss only if the stock declines below ₹672 levels |
₹191 • ITC
| S1 | S2 | R1 | R2 | COMMENT |
| 188 | 185 | 194 | 197 | The near-term outlook stays positive as long as the stock of ITC trades above ₹188. Buy in dips |
₹76 • ONGC
| S1 | S2 | R1 | R2 | COMMENT |
| 74 | 72 | 78 | 80 | Fresh long positions are recommended with tight stop-loss if the stock ONGC advances above ₹78 levels |
₹1423 • Reliance Ind.
| S1 | S2 | R1 | R2 | COMMENT |
| 1410 | 1395 | 1435 | 1450 | Initiate fresh short positions with a fixed stop-loss if the stock of RIL fails to rally above ₹1,435 levels |
₹151 • SBI
| S1 | S2 | R1 | R2 | COMMENT |
| 145 | 140 | 155 | 160 | Consider initiating fresh long positions with a stiff stop-loss only if the stock of SBI moves above ₹155 levels |
₹1943 • TCS
| S1 | S2 | R1 | R2 | COMMENT |
| 1920 | 1900 | 1965 | 1985 | Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹1,965 levels |
9046 • Nifty 50 Futures
| S1 | S2 | R1 | R2 | COMMENT |
| 8990 | 8940 | 9100 | 9170 | Initiate fresh long positions with a fixed stop-loss only if the contract jumps above 9,100 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.