Day Trading Guide for May 29, 2020
₹945 • HDFC Bank
| S1 | S2 | R1 | R2 | COMMENT |
| 930 | 913 | 960 | 975 | Make use of intra-day dips to buy the stock while retaining a stop-loss at ₹930 levels |
₹707 • Infosys
| S1 | S2 | R1 | R2 | COMMENT |
| 695 | 685 | 715 | 725 | Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹695 levels |
₹190 • ITC
| S1 | S2 | R1 | R2 | COMMENT |
| 187 | 184 | 193 | 196 | Fresh short positions are recommended with a tight stop-loss only if the stock of ITC falls below ₹187 levels |
₹78 • ONGC
| S1 | S2 | R1 | R2 | COMMENT |
| 75 | 73 | 80 | 82 | Utilise intra-day declines to buy the stock of ONGC while maintaining a fixed stop-loss at ₹75 levels |
₹1472 • Reliance Ind.
| S1 | S2 | R1 | R2 | COMMENT |
| 1455 | 1440 | 1485 | 1500 | Initiate fresh long positions with a stiff stop-loss if the stock of RIL rebounds up from ₹1,455 levels |
₹158 • SBI
| S1 | S2 | R1 | R2 | COMMENT |
| 153 | 149 | 164 | 169 | Consider initiating fresh long positions with a tight stop-loss if the stock of SBI reverses higher from ₹153 levels |
₹2005 • TCS
| S1 | S2 | R1 | R2 | COMMENT |
| 1985 | 1965 | 2025 | 2045 | Fresh long positions are recommended with a stiff stop-loss only if the stock of TCS gains above ₹2,025 levels |
9483 • Nifty 50 Futures
| S1 | S2 | R1 | R2 | COMMENT |
| 9420 | 9370 | 9535 | 9600 | Consider initiating fresh long positions with a tight stop-loss if the contract rebounds up from 9,420 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.