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Day Trading Guide for June 11, 2021

aurum
Written by aurum

    Day Trading Guide for June 11, 2021

    ₹1481 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1465

    1450

    1494

    1510

    Initiate fresh short positions with a tight stop-loss if the stock fails to move beyond ₹1,494 levels

    ₹1424 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1412

    1400

    1436

    1450

    Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹1,412 levels

    ₹209 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    207

    205

    211

    214

    Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹211 levels

    ₹123 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    121

    118

    126

    129

    Fresh short positions are recommended with a stiff stop-loss if the stock of ONGC declines below ₹121 levels

    ₹2182 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    2160

    2140

    2202

    2225

    Initiate fresh short positions with a fixed stop-loss only if the stock falls below ₹2,160 levels

    ₹432 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    426

    420

    436

    442

    Fresh long positions can be initiated with a tight stop-loss if the stock of SBI climbs above ₹436 levels

    ₹3216 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3195

    3170

    3235

    3255

    Make use of intraday dips to buy the stock of TCS while maintaining a fixed stop-loss at ₹3,195 levels

    15751 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    15700

    15640

    15810

    15865

    Consider initiating fresh long positions with a tight stop-loss if the contract advances above 15,810 levels

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

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