Day Trading Guide for June 12, 2019

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

 

₹2449 • HDFC Bank

S1

S2

R1

R2

COMMENT

2435

2420

2460

2470

Fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹2,460 levels

₹754 • Infosys

S1

S2

R1

R2

COMMENT

745

737

760

766

Make use of intra-day dips to buy the stock of Infosys while maintaining a tight stop-loss at ₹745 levels

₹280 • ITC

S1

S2

R1

R2

COMMENT

277

274

283

286

Consider initiating fresh long positions with a fixed stop-loss if the stock of ITC rebounds up from ₹277 levels

₹169 • ONGC

S1

S2

R1

R2

COMMENT

166

163

172

175

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹172 levels

₹1328 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1340

1355

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL advances above ₹1,340 levels

₹347 • SBI

S1

S2

R1

R2

COMMENT

342

335

355

360

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹355 levels

₹2252 • TCS

S1

S2

R1

R2

COMMENT

2230

2210

2270

2290

The stock tests a key resistance at current levels. Go long with a fixed stop-loss on a strong rally above ₹2,270 levels

11976 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11930

11880

12025

12075

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 11,880 levels

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

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