Day Trading Guide For June 13

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

₹2044 • HDFC Bank

S1

S2

R1

R2

COMMENT

2035

2025

2057

2070

Fresh short positions are recommended with a stiff stop-loss only if the stock drops below ₹2035 levels

 

₹1258 • Infosys

S1

S2

R1

R2

COMMENT

1250

1240

1270

1280

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹1250 levels again

 

₹270 • ITC

S1

S2

R1

R2

COMMENT

267

265

272

275

Initiate fresh long positions with a fixed stop-loss if the stock of ITC rallies above ₹272 levels

 

₹171 • ONGC

S1

S2

R1

R2

COMMENT

168

165

173

176

Make use of intra-day rallies to sell the stock while maintaining a stop-loss higher at ₹176 levels

 

₹995 • Reliance Ind.

S1

S2

R1

R2

COMMENT

985

975

1005

1015

Near-term view is bullish for the stock of RIL. Buy in declines while retaining fixed stop-loss at ₹985 levels

 

₹282 • SBI

S1

S2

R1

R2

COMMENT

278

273

285

290

Outlook is bullish for the stock of SBI. Make use of dips to buy the stock with a stop-loss at ₹278 levels

 

₹1781 • TCS

S1

S2

R1

R2

COMMENT

1760

1740

1800

1820

Fresh long positions can be initiate with a fixed stop-loss if the stock reverses higher from ₹1760 levels

 

10839 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10795

10750

10880

10925

As long as the contract trades above 10,795 levels the near term stance remains bullish. Buy in declines

 

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

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