Day Trading Guide for June 19

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

₹2021 • HDFC Bank

S1

S2

R1

R2

COMMENT

2010

2000

2033

2045

Make use of intra-day rallies to initiate fresh short positions on the stock with a fixed stop-loss at ₹2033 levels

 

₹1266 • Infosys

S1

S2

R1

R2

COMMENT

1255

1245

1275

1287

Fresh short positions are recommended with a stiff stop-loss only if the stock of Infosys falls below ₹1255 levels

 

₹264 • ITC

S1

S2

R1

R2

COMMENT

261

258

267

270

Initiate fresh short positions with a stiff stop-loss if the stock of ITC fails to move beyond ₹267 levels

 

₹164 • ONGC

S1

S2

R1

R2

COMMENT

162

160

166

169

Fresh long positions are recommended with a tight stop-loss if the stock of ONGC rallies above ₹166 levels

 

₹1015 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1005

995

1025

1035

Consider initiating fresh long positions with a fixed stop-loss if the stock of RIL rebounds up from ₹1005 levels

 

₹276 • SBI

S1

S2

R1

R2

COMMENT

272

267

280

285

Fresh long positions can be initiated with a stiff stop-loss only if the stock of SBI advances above ₹280 levels

 

₹1830 • TCS

S1

S2

R1

R2

COMMENT

1810

1790

1850

1870

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹1850 levels

 

10789 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10745

10700

10830

10875

Consider initiating fresh short positions with a tight stop-loss if the contract reverses down from 10830 levels

 

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

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