Scripting a survival
Zee’s founding family plots a twist in the tale and stays in control
₹1688 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1670 | 1635 | 1695 | 1725 | Initiate fresh long positions only if the stock breaks above 1695. Keep the stop-loss at 1675. |
₹1824 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1814 | 1790 | 1835 | 1875 | Support ahead. Go long if the stock bounces back from 1814. Stop-loss can be placed at 1795. |
₹246 • ITC
S1 | S2 | R1 | R2 | COMMENT |
243 | 239 | 251 | 255 | Near-term trend has turned down. Go short now and on rallies at 250 with a stop-loss at 252 |
₹159 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
158 | 155 | 161 | 166 | Bias is turning bearish. Initiate fresh short positions with a stop-loss at 162 on break below 158 |
₹2731 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2700 | 2680 | 2750 | 2800 | Near-term resistance ahead. Go long only if RIL breaks above 2750. Keep the stop-loss at 2720 |
₹489 • SBI
S1 | S2 | R1 | R2 | COMMENT |
485 | 475 | 501 | 505 | Upmove is losing momentum. Go short if SBI breaks below 485. Stop-loss can be placed at 492. |
₹3634 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3625 | 3600 | 3650 | 3700 | Downtrend is intact. Initiate fresh short positions with a stop-loss at 3655 on break below 3625. |
18437 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
18380 | 18250 | 18470 | 18600 | Near a key support. Go short only if the contract breaks below 18380. Keep the stop-loss at 18410. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.