Scripting a survival
Zee’s founding family plots a twist in the tale and stays in control
₹1675 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1665 | 1630 | 1695 | 1710 | Initiate fresh short positions with a stop-loss at 1695 only if the stock breaks below 1665 |
₹1798 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1750 | 1715 | 1815 | 1860 | Upmove strengthens. Go long now and accumulate on dips at 1760 with a stop-loss at 1735 |
₹262 • ITC
S1 | S2 | R1 | R2 | COMMENT |
255 | 245 | 275 | 290 | Uptrend is intact. Initiate fresh long now and on dips at 257. Stop-loss can be placed at 248. |
₹162 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
159 | 157 | 166 | 171 | Immediate trend is not clear. Avoid trading this stock until a clear trade signal emerges. |
₹2708 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2685 | 2650 | 2720 | 2750 | Outlook is bullish. But wait for dips and go long at 2690. Keep the stop-loss at 2560. |
₹497 • SBI
S1 | S2 | R1 | R2 | COMMENT |
492 | 487 | 500 | 505 | Initiate fresh long positions with a stop-loss at 495 only if the stock breaks above 500. |
₹3649 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3625 | 3600 | 3675 | 3710 | Wait for a rise and go long if TCS reverses lower from 3675. Stop-loss can be kept at 3705 |
18488 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
18470 | 18350 | 18550 | 18700 | Uptrend gains momentum. Go long on a break above 18550. Keep the stop-loss at 18480 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.