Day Trading Guide For August 10

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

9926 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9880

9830

9977

10025

Initiate fresh short positions with a tight stop-loss if the contract fails to move beyond 9977 levels



₹1764 • HDFC Bank

S1

S2

R1

R2

COMMENT

1750

1735

1777

1795

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹1777 levels



₹969 • Infosys

S1

S2

R1

R2

COMMENT

960

950

980

990

Fresh long positions are recommended with a stiff stop-loss only if the stock climbs above ₹980 levels



₹272 • ITC

S1

S2

R1

R2

COMMENT

270

267

275

280

The stock of ITC tests a key support at around ₹270 levels. Go long on a strong rally beyond ₹275 levels



₹165 • ONGC

S1

S2

R1

R2

COMMENT

163

160

168

171

Make use of intra-day dips to initiate fresh long positions while maintaining a fixed stop-loss at ₹163levels



₹1598 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1585

1570

1620

1635

Fresh short positions can be initiated with a tight stop-loss only if the stock declines below ₹1585 levels



₹302 • SBI

S1

S2

R1

R2

COMMENT

300

297

306

309

Initiate fresh short positions with a stiff stop-loss if the stock of SBI drops below ₹300 levels



₹2501 • TCS

S1

S2

R1

R2

COMMENT

2480

2460

2520

2540

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹2480 levels



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

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