Day Trading Guide for September 4\, 2020

Day trading guid

Day Trading Guide for September 4, 2020

| Updated on September 03, 2020 Published on September 04, 2020

₹1131 • HDFC Bank

S1

S2

R1

R2

COMMENT

1120

1100

1145

1160

Go long in the stock with stop-loss at ₹1,120 if the price decisively rallies above ₹1,145

₹935 • Infosys

S1

S2

R1

R2

COMMENT

926

900

950

970

Consider initiating fresh short positions with a stop-loss at ₹950 since ₹945 is a strong resistance

₹191 • ITC

S1

S2

R1

R2

COMMENT

185

181

193

198

Short the stock of ITC with a tight stop-loss since ₹193 is a substantial resistance level

₹79 • ONGC

S1

S2

R1

R2

COMMENT

78

75

83

85.5

Go long in the stock of ONGC with a tight stop-loss if it rebounds from the support at ₹78

₹2112 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2100

2070

2160

2200

Initiate long trades with stop-loss at ₹2,070 since the stock is likely to appreciate from here

₹213 • SBI

S1

S2

R1

R2

COMMENT

212

207

219

224

Initiate fresh long positions with a tight stop-loss on the back of the support at ₹212

₹2300 • TCS

S1

S2

R1

R2

COMMENT

2280

2250

2325

2350

Fresh short positions can be created with stop-loss at ₹2,350 since the stock could go south

11542 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11520

11460

11575

11615

Long positions with stop-loss at 11,520 can be executed if the contract breaks out of 11,575

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

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Published on September 04, 2020