Day Trading Guide for May 26\, 2020

Day trading guide

Day Trading Guide for May 26, 2020

BL Research Burea | Updated on May 25, 2020 Published on May 26, 2020

₹838 • HDFC Bank

S1

S2

R1

R2

COMMENT

826

810

850

865

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹850 levels

₹692 • Infosys

S1

S2

R1

R2

COMMENT

683

672

700

710

Fresh long positions are recommended with a fixed stop-loss only if the stock of Infosys rallies above ₹700 levels

₹186 • ITC

S1

S2

R1

R2

COMMENT

183

180

189

192

Make use of intra-day declines to buy the stock of ITC while maintaining stop-loss at ₹183 levels

₹76 • ONGC

S1

S2

R1

R2

COMMENT

74

72

78

80

Initiate fresh long positions with tight stop-loss only if the stock ONGC advances above ₹78 levels

₹1431 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1415

1395

1445

1458

Consider initiating fresh short positions with a stiff stop-loss only if the stock declines below ₹1,415 levels

₹150 • SBI

S1

S2

R1

R2

COMMENT

145

140

155

160

Fresh long positions are recommended with a tight stop-loss only if the stock of SBI rallies above ₹155 levels

₹2018 • TCS

S1

S2

R1

R2

COMMENT

2000

1980

2040

2060

Make use of intra-day dips to buy the stock of TCS while retaining a fixed stop-loss at ₹2,000 levels

9027 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

8970

8900

9100

9170

Consider initiating fresh long positions with a tight stop-loss only if the contract rallies beyond 9,100 levels

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

Published on May 26, 2020

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