Day Trading Guide For June 14

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

₹2035 • HDFC Bank

S1

S2

R1

R2

COMMENT

2025

2015

2045

2057

Make use of intra-day rallies to sell the stock while retaining a fixed stop-loss at ₹2045 levels

 

₹1276 • Infosys

S1

S2

R1

R2

COMMENT

1265

1255

1285

1295

Initiate fresh long positions with a tight stop-loss only if the stock of Infosys rallies above ₹1285 levels

 

₹268 • ITC

S1

S2

R1

R2

COMMENT

265

262

271

274

Consider selling the stock of ITC in intra-day rallies while maintaining a tight stop-loss at ₹271 levels

 

₹170 • ONGC

S1

S2

R1

R2

COMMENT

168

165

173

176

Near-term stance is bearish for the stock of ONGC. Sell the stock in rallies with a fixed stop-loss at ₹173 levels

 

₹1002 • Reliance Ind.

S1

S2

R1

R2

COMMENT

990

980

1010

1020

The stock tests a key resistance level. Go long only if the stock rallies above ₹1010 levels with a stiff stop-loss

 

₹287 • SBI

S1

S2

R1

R2

COMMENT

283

278

293

298

Make use of intra-day dips to buy the stock of SBI with a tight stop-loss at ₹283 levels

 

₹1824 • TCS

S1

S2

R1

R2

COMMENT

1805

1785

1840

1860

Outlook is bullish for the stock of TCS. Utilise intra-day declines to buy the stock with a stop-loss at ₹1,805 levels

 

10844 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10795

10750

10880

10925

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10880 levels

 

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

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