Day Trading Guide for August 14

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

₹2090 • HDFC Bank

S1

S2

R1

R2

COMMENT

2080

2065

2102

2118

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹2,102 levels

 

₹1409 • Infosys

S1

S2

R1

R2

COMMENT

1395

1380

1420

1435

Make use of intra-day dips to buy the stock of Infosys while retaining a fixed stop-loss at ₹1,395 levels

 

₹305 • ITC

S1

S2

R1

R2

COMMENT

303

300

308

310

Fresh long positions can be initiated with a stiff stop-loss if the stock of ITC rebounds up from ₹303 levels

 

₹166 • ONGC

S1

S2

R1

R2

COMMENT

163

160

168

171

Make use of intra-day rallies to go short in the stock of ONGC while maintaining a tight stop-loss at ₹168 levels

 

₹1187 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1175

1160

1200

1215

Fresh short positions are recommended with a stiff stop-loss if the stock falls below ₹1,175 levels

 

₹294 • SBI

S1

S2

R1

R2

COMMENT

290

285

300

306

Consider initiating fresh short positions with a fixed stop-loss if the stock of SBI reverses down from ₹300 levels

 

₹2000 • TCS

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

Initiate fresh long positions with a stiff stop-loss if the contract rebounds up from ₹1980 levels

 

11381 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11330

11280

11427

11480

Fresh long positions are recommended with a tight stop-loss only if the contract moves beyond 11,427 levels

 

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

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