Day trading guide

Day Trading Guide for June 27, 2019

| Updated on June 26, 2019 Published on June 27, 2019

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

₹2467 • HDFC Bank

S1

S2

R1

R2

COMMENT

2453

2440

2480

2495

Near-term stance is bullish for the stock. Buy in declines while maintaining a fixed stop-loss at ₹2,453 levels

 

₹739 • Infosys

S1

S2

R1

R2

COMMENT

734

728

747

755

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹734 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

275

272

280

283

Initiate fresh long positions with a stiff stop-loss only if the stock of ITC reverses higher from ₹275 levels

 

₹167 • ONGC

S1

S2

R1

R2

COMMENT

164

161

170

173

Consider initiating fresh long positions with a tight stop-loss if the stock ONGC advances above ₹170 levels

 

₹1294 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1280

1265

1310

1325

Fresh long positions can be initiated with a fixed stop-loss if the stock of RIL rebounds up from ₹1,280 levels

 

₹358 • SBI

S1

S2

R1

R2

COMMENT

353

346

364

370

Make use of intra-day dips to buy the stock of SBI while retaining a stiff stop-loss at ₹253 levels

 

₹2253 • TCS

S1

S2

R1

R2

COMMENT

2230

2210

2275

2295

Initiate fresh short positions with a tight stop-loss if the stock of TCS fails to move beyond ₹2,275 levels

 

11864 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

1815

11767

11910

11960

Consider initiating fresh long positions with a tight stop-loss only if the contract rallies above 11,910 levels

 

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

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