Day Trading Guide for June 13, 2019

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

₹2427 • HDFC Bank

S1

S2

R1

R2

COMMENT

2415

2400

2440

2455

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹2,440 levels

 

₹753 • Infosys

S1

S2

R1

R2

COMMENT

745

737

760

766

The near-term outlook remains positive as long as the stock trades above ₹745 levels. Buy in dips

 

₹280 • ITC

S1

S2

R1

R2

COMMENT

277

274

283

286

Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC advances above ₹283 levels

 

₹170 • ONGC

S1

S2

R1

R2

COMMENT

166

163

173

176

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹166 levels

 

₹1331 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1340

1355

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹1,340 levels

 

₹344 • SBI

S1

S2

R1

R2

COMMENT

339

333

348

355

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹339 levels.

 

₹2258 • TCS

S1

S2

R1

R2

COMMENT

2240

2220

2280

2300

Consider taking long positions with a fixed stop-loss only if the stock of TCS rallies above ₹2,280 levels

 

11917 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11870

11825

11965

12010

Initiate fresh long positions with a tight stop-loss if the contract climbs above 11,965 levels

 

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

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