Day Trading Guide for June 19, 2019

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

₹2416 • HDFC Bank

S1

S2

R1

R2

COMMENT

2404

2390

2430

2445

Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹2,430 levels

 

₹750 • Infosys

S1

S2

R1

R2

COMMENT

742

735

758

765

Make use of intra-day declines to buy the stock while maintaining a fixed stop-loss at ₹742 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

273

270

278

281

Consider initiating fresh short positions with a tight stop-loss if the stock of ITC falls below ₹273 levels

 

₹166 • ONGC

S1

S2

R1

R2

COMMENT

163

160

169

172

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC rebounds up from ₹163 levels

 

₹1282 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1265

1250

1295

1310

Fresh long positions are recommended with a tight stop-loss if the stock of RIL rallies above ₹1,295 levels

 

₹340 • SBI

S1

S2

R1

R2

COMMENT

334

327

345

350

Consider initiating fresh long positions with a fixed stop-loss only if the stock advances above ₹345 levels

 

₹2251 • TCS

S1

S2

R1

R2

COMMENT

2230

2210

2270

2290

Initiate fresh long positions with a fixed stop-loss if the stock of TCS reverses higher from ₹2,230 levels

 

11700 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11650

11600

11750

11800

The contract is range-bound. Go long with a tight stop-loss only if the contract moves above 11,750 levels

 

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

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