Day Trading Guide For June 15

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

 

₹2037 • HDFC Bank

S1

S2

R1

R2

COMMENT

2025

2015

2045

2057

Fresh short positions can be initiated with a stiff stop-loss only if the stock drops below ₹2025 levels

 

₹1238 • Infosys

S1

S2

R1

R2

COMMENT

1230

1220

1250

1260

Consider initiating fresh short positions with a fixed stop-loss if the stock of Infosys fails to move above ₹1250 levels

 

₹267 • ITC

S1

S2

R1

R2

COMMENT

265

262

270

273

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹270 levels

 

₹168 • ONGC

S1

S2

R1

R2

COMMENT

165

163

170

173

Initiate fresh short positions with a tight stop-loss if the stock of ONGC reverses down from ₹170 levels

 

₹1007 • Reliance Ind.

S1

S2

R1

R2

COMMENT

995

984

1017

1030

Fresh long positions can be initiated with a fixed stop-loss if the stock of RIL rebounds up from ₹995 levels

 

₹282 • SBI

S1

S2

R1

R2

COMMENT

276

271

287

293

Initiate fresh long positions with a tight stop-loss if the stock of SBI reverses higher from ₹276 levels

 

₹1792 • TCS

S1

S2

R1

R2

COMMENT

1770

1750

1810

1830

The stock retreated last session on profit booking. Go short with a fixed stop-loss on a decline below ₹1770 levels

 

10813 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10770

10720

10860

10910

Initiate fresh long positions with a tight stop-loss if the contract advances above 10860 levels

 

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

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