Gold diamonds

Day Trading Guide for May 19, 2021

Written by aurum

    Day Trading Guide for May 19, 2021

    ₹1477 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1462

    1445

    1495

    1510

    Initiate fresh long positions with a stiff stop-loss only if the stock rallies above ₹1,495 levels

    ₹1339 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1330

    1317

    1350

    1362

    Consider initiating fresh long positions with a tight stop-loss if the stock moves beyond ₹1,350 levels

    ₹210 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    208

    205

    213

    217

    Initiate fresh long positions with a tight stop-loss if the stock of ITC reverses higher from ₹208 levels

    ₹116 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    113

    111

    119

    122

    Make use of intraday dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹113 levels

    ₹1987 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    1963

    1945

    2002

    2020

    Fresh long positions are recommended with a tight stop-loss only if the stock of RIL moves above ₹2002

    ₹382 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    377

    370

    389

    396

    Initiate fresh long positions with a fixed stop-loss if the stock of SBI reverses higher from ₹377 levels

    ₹3089 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3070

    3050

    3115

    3135

    Fresh long positions can be initiated with a stiff stop-loss only if the stock climbs above ₹3,115 levels

    15144 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    15080

    15020

    15200

    15250

    Consider initiating fresh long positions with a tight stop-loss if the contract rebounds up from 15,080 levels

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

    Source

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    aurum

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