Day trading guide

Day Trading Guide for June 20, 2019

| Updated on June 19, 2019 Published on June 20, 2019

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

₹2429 • HDFC Bank

S1

S2

R1

R2

COMMENT

2415

2404

2443

2460

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹2,415 levels

 

₹751 • Infosys

S1

S2

R1

R2

COMMENT

742

735

758

765

Consider initiating fresh long positions with a fixed stop-loss if the stock of Infosys moves beyond ₹758 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

275

272

280

283

Make use of intra-day dips to buy the stock of ITC while maintaining a fixed stop-loss at ₹275 levels

 

₹167 • ONGC

S1

S2

R1

R2

COMMENT

164

161

169

172

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹169 levels

 

₹1277 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1263

1250

1290

1305

As long as the stock trades below ₹1,290 the near-term stance is bearish. Sell the stock on rallies

 

₹338 • SBI

S1

S2

R1

R2

COMMENT

334

327

345

350

Initiate fresh short positions with a stiff stop-loss only if the stock of SBI falls below ₹334 levels

 

₹2259 • TCS

S1

S2

R1

R2

COMMENT

2240

2220

2280

2300

Utilise intra-day dips to buy the stock of TCS while retaining a fixed stop-loss at ₹2,240 levels

 

11708 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11650

11600

11760

11810

Consider initiating fresh long positions with a tight stop-loss only if the contract reverses higher from 11,650 levels

 

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

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