Scripting a survival
Zee’s founding family plots a twist in the tale and stays in control
₹1594 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1585 | 1570 | 1590 | 1610 | Initiate fresh long positions only if the stock breaks above 1590. Keep the stop-loss at 1565 |
₹1692 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1675 | 1660 | 1705 | 1720 | Poised at the upper end of the range. Go long with a stop-loss at 1690 on a break above 1705. |
₹235 • ITC
S1 | S2 | R1 | R2 | COMMENT |
233 | 230 | 238 | 242 | Near-term downtrend is intact. Go short now and on a rise at 237. Stop-loss can be kept at 241 |
₹164 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
159 | 154 | 169 | 173 | Resistance ahead. Go short if the stock reverses lower from 169. Keep the stop-loss at 172 |
₹2610 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2595 | 2570 | 2650 | 2700 | Uptrend gains momentum. Go long now and on dips at 2600. Stop-loss can be placed at 2580. |
₹464 • SBI
S1 | S2 | R1 | R2 | COMMENT |
459 | 450 | 474 | 478 | Near-term view is positive. Go long now and accumulate on dips at 458 with a stop-loss at 456 |
₹3839 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3800 | 3780 | 3900 | 3945 | Broken the range on the upside. Go long and add on dips at 3810. Keep the stop-loss at 3785 |
17837 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
17750 | 17630 | 17880 | 18100 | Resistance ahead. Go short if the contract reverses lower from 17880. Keep the stop-loss at 17940 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.