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Day Trading Guide for May 27, 2021

aurum
Written by aurum

    Day Trading Guide for May 27, 2021

    ₹1476 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1465

    1450

    1490

    1505

    Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹1,490 levels

    ₹1397 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1383

    1370

    1410

    1420

    The stock is experiencing buying interest. Make use of intraday dips to buy it with a fixed stop-loss at ₹1,383

    ₹210 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    208

    205

    213

    216

    Consider initiating fresh long positions with a stiff stop-loss only if the stock moves beyond ₹213 levels

    ₹113 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    111

    108

    115

    118

    Initiate fresh short positions with a fixed stop-loss if the stock of ONGC falls below ₹111 levels

    ₹1969 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    1950

    1930

    1990

    2010

    Fresh short positions are recommended with a stiff stop-loss if the stock declines below ₹1,950 levels

    ₹413 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    408

    400

    418

    424

    Consider initiating fresh long positions with a tight stop-loss if the stock of SBI rebounds up from ₹408 levels

    ₹3158 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3135

    3115

    3180

    3200

    Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹3,135 levels

    15303 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    15250

    15190

    15350

    15400

    Fresh long positions are recommended with a tight stop-loss if the contract advances above 15,350 levels

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

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