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Day Trading Guide for May 25, 2021

aurum
Written by aurum

    Day Trading Guide for May 25, 2021

    ₹1509 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1494

    1480

    1525

    1540

    Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹1,525 levels

    ₹1348 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1337

    1325

    1361

    1373

    Initiate fresh short positions with a tight stop-loss if the stock of Infosys fails to move beyond ₹1,361 levels

    ₹211 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    208

    205

    213

    216

    Fresh long positions are recommended with a stiff stop-loss only if the stock jumps above ₹213 levels

    ₹113 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    111

    108

    115

    118

    Fresh short positions can be initiated with a tight stop-loss if the stock of ONGC declines below ₹111 levels

    ₹1985 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    1965

    1945

    2003

    2020

    Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹2,003 levels

    ₹412 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    405

    398

    417

    424

    Fresh long positions can be initiated with a stiff stop-loss if the stock of SBI rebounds up from ₹405 levels

    ₹3081 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3060

    3040

    3100

    3120

    Fresh short positions can be initiated with a tight stop-loss if the stock declines below ₹3,060 levels

    15202 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    15150

    15100

    15260

    15320

    Initiate fresh long positions with a fixed stop-loss if the contract reverses higher from 15,150 levels

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

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