The Hindu Business Line : 2019-08-13

NEWS : 5 : 5

NEWS

CHENNAI NEWS 5 BusinessLi­ne TUESDAY AUGUST 13 2019 • • DAY TRADING GUIDE 11122 Nifty 50 Futures • S1 S2 R1 R2 COMMENT 11075 11025 11175 11225 Fresh long positions can be initiated with a tight stop-loss if the contract bounces up from 11,075 levels ₹2281 HDFC Bank • S1 S2 R1 R2 COMMENT 2255 2240 2295 2310 Make use of intra-day declines to buy the stock while maintainin­g a fixed stop-loss at ₹2,255 levels ₹790 Infosys • S1 S2 R1 R2 COMMENT 783 776 796 802 Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹783 levels ITC ₹254 • S1 S2 R1 R2 COMMENT 251 248 257 260 Consider fresh long positions with a fixed stop-loss only if the stock of ITC rebounds up from ₹251 levels ₹130 ONGC • S1 S2 R1 R2 COMMENT 128 125 134 137 Initiate long positions with a tight stop-loss only if the stock of ONGC rallies above ₹134 levels ₹1162 Reliance Ind. • S1 S2 R1 R2 COMMENT 1148 1134 1175 1190 Initiate fresh long positions with a tight stop-loss if the stock of RIL reverses higher from ₹1,148 levels ₹291 SBI • S1 S2 R1 R2 COMMENT 285 280 297 304 Fresh short positions can be initiated with a stiff stop-loss only if the stock of SBI falls below ₹285 ₹2245 TCS • S1 S2 R1 R2 COMMENT 2225 2200 2265 2285 Consider fresh short positions with a tight stop-loss only if the stock fails to move beyond ₹2,265 levels S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2.