Day trading guid

Day Trading Guide for August 5, 2021

| Updated on August 04, 2021

₹1464 • HDFC Bank

S1

S2

R1

R2

COMMENT

1450

1434

1480

1495

Make use of intraday dips to buy the stock while retaining a fixed stop-loss at ₹1,450 levels

₹1649 • Infosys

S1

S2

R1

R2

COMMENT

1637

1625

1660

1676

Consider initiating fresh long positions with a tight stop-loss only if the stock moves beyond ₹1,660 levels

₹208 • ITC

S1

S2

R1

R2

COMMENT

206

204

210

212

Initiate fresh long positions with a stiff stop-loss if the stock of ITC rebounds up from ₹206 levels

₹117 • ONGC

S1

S2

R1

R2

COMMENT

115

112

120

122

Utilise intraday declines to buy the stock of ONGC while maintaining a tight stop-loss at ₹115 levels

₹2103 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2090

2075

2120

2135

Consider initiating fresh long positions with a fixed stop-loss if the stock of RIL reverses higher from ₹2,090 levels

₹457 • SBI

S1

S2

R1

R2

COMMENT

450

444

462

468

The stock of SBI extended the up-move by gaining 2.4 per cent last session. Buy in declines with fixed stop-loss

₹3273 • TCS

S1

S2

R1

R2

COMMENT

3250

3230

3294

3315

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹3,250 levels

16260 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16200

16140

16300

16350

As long as the contract trades above 16,200 levels the near-term stance stays positive. Buy is declines

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

Published on August 05, 2021

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