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Day Trading Guide for May 18, 2021

Written by aurum

    Day Trading Guide for May 18, 2021

    ₹1440 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1418

    1383

    1460

    1480

    Consider initiating fresh long positions with a tight stop-loss as the stock has closed above ₹1,430

    ₹1329 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1315

    1305

    1336

    1350

    Initiate fresh short positions with a fixed stop-loss if the stock of Infosys falls below ₹1,315 levels

    ₹212 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    210

    206

    215

    220

    Fresh long positions are recommended with a stiff stop-loss if the stock rallies above ₹215

    ₹114 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    112

    110

    118

    121

    Take fresh long positions in the stock if it moves above ₹116; maintain a tight stop-loss

    ₹1960 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    1930

    1900

    1965

    2000

    Fresh long positions can be initiated with a tight stop-loss if the stock of RIL goes beyond ₹1965

    ₹383 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    376

    370

    385

    400

    Breakout of ₹385 can result in sharp rally; so, buy with tight stop if the stock rallies above ₹385

    ₹3070 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3040

    3000

    3100

    3150

    Trend looks uncertain. Hence, refrain from trading this stock until either ₹3,040 or ₹3,100 is breached

    14955 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    14900

    14820

    15000

    15100

    Initiate fresh long positions with stop-loss at 14,950 if the contract breaches the key hurdle at 15,000

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

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    aurum

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