Day Trading Guide for October 1, 2021
October 1, 2021₹1593 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1580 | 1560 | 1610 | 1635 | Stuck in a narrow and the outlook is unclear. Avoid trading this stock until a clear trend emerges. |
₹1679 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1645 | 1590 | 1700 | 1720 | Outlook is bearish. Go short now and accumulate on rallies at 1695. Keep the stop-loss at 1710 |
₹236 • ITC
S1 | S2 | R1 | R2 | COMMENT |
230 | 227 | 240 | 243 | Initiate fresh short positions with a stop-loss at 242. Accumulate shorts on rallies at 239. |
₹144 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
143 | 140 | 146 | 149 | Go long with a stop-loss at 145 only if the stock breaks below the immediate support at 143. |
₹2511 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2500 | 2475 | 2530 | 2560 | Hovers above a support. Go short only if RIL breaks below 2500. Keep the stop-loss at 2535 |
₹453 • SBI
S1 | S2 | R1 | R2 | COMMENT |
449 | 440 | 456 | 460 | Support ahead. Go long if SBI reverses higher from 449. Stop-loss can be placed at 443. |
₹3779 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3750 | 3700 | 3805 | 3880 | Initiate fresh long positions with a stop-loss at 3785 only if the stock breaks above 3805. |
17611 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
17600 | 17510 | 17700 | 17800 | Bias is negative. Go short if the contract breaks below 17600. Keep the stop-loss at 17630 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on
October 01, 2021
