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Day Trading Guide for June 1, 2021

Written by aurum

    Day Trading Guide for June 1, 2021

    ₹1516 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1500

    1480

    1529

    1550

    Initiate fresh long positions with a tight stop-loss if the stock moves beyond ₹1,529 levels

    ₹1393 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1380

    1370

    1405

    1415

    Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹1,380 levels

    ₹216 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    213

    210

    219

    222

    Make use of intraday dips to buy the stock of ITC while maintaining a stiff stop-loss at ₹213 levels

    ₹113 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    110

    107

    115

    118

    Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹115 levels

    ₹2160 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    2140

    2120

    2180

    2200

    Consider initiating fresh long positions with a stiff stop-loss only if the stock of RIL moves beyond ₹2,180

    ₹424 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    418

    412

    430

    435

    Make use of intraday declines to buy the stock of SBI while retaining a stiff stop-loss at ₹418 levels

    ₹3158 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3130

    3110

    3180

    3299

    Initiate fresh long positions with a tight stop-loss if the stock of TCS rebounds up from ₹3,130 levels

    15583 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    15530

    15460

    15635

    15680

    As long as the contract trades above 15,530 the near term stance stays positive. Buy with a fixed stop-loss

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

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