Day Trading Guide for September 16\, 2020

Day trading guid

Day Trading Guide for September 16, 2020

| Updated on September 15, 2020 Published on September 16, 2020

₹1070 • HDFC Bank

S1

S2

R1

R2

COMMENT

1057

1045

1085

1100

Fresh long positions can be initiated with a stiff stop-loss only if the stock reverses higher from ₹1,057 levels

₹981 • Infosys

S1

S2

R1

R2

COMMENT

972

960

990

1000

Make use of intra-day declines to buy the stock of Infosys with a fixed stop-loss at ₹972 levels

₹181 • ITC

S1

S2

R1

R2

COMMENT

178

175

184

186

Consider initiating fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹184 levels

₹73 • ONGC

S1

S2

R1

R2

COMMENT

71

69

76

79

The stock is range-bound in a narrow band. Desist trading in the stock for the session as stance is neutal

₹2317 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2300

2280

2338

2360

As long as the stock of RIL trades above the key support level of ₹2,300 near term view is positive. Buy in dips

₹200 • SBI

S1

S2

R1

R2

COMMENT

193

188

206

211

Consider initiating fresh long positions with a stiff stop-loss only if the stock of SBI advances above ₹206 levels

₹2490 • TCS

S1

S2

R1

R2

COMMENT

2470

2450

2515

2535

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹2,470 levels

11527 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11475

11420

11580

11630

Make use of intra-day dips to buy the contract while maintaining a fixed stop-loss at ₹11,475 levels

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

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Published on September 16, 2020
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