Day Trading Guide For June 27

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

₹2093 • HDFC Bank

S1

S2

R1

R2

COMMENT

2080

2070

2105

2115

Initiate fresh long positions with a stiff stop-loss only if the stock reverses higher from ₹2080 levels again

 

₹1277 • Infosys

S1

S2

R1

R2

COMMENT

1265

1255

1288

1298

Fresh long positions can be initiated with a tight stop-loss if the stock advances above ₹1288 levels

 

₹264 • ITC

S1

S2

R1

R2

COMMENT

262

260

266

268

Consider initiating fresh long positions with a stiff stop-loss only if the stock of ITC rallies above ₹266 levels

 

₹158 • ONGC

S1

S2

R1

R2

COMMENT

156

154

161

164

Fresh long positions are recommended with a fixed stop-loss only if the stock of ONGC moves beyond ₹161 levels

 

₹978 • Reliance Ind.

S1

S2

R1

R2

COMMENT

966

955

990

1003

Make use of intra-day rallies to sell the stock of RIL while maintaining a stiff stop-loss at ₹990 levels

 

₹267 • SBI

S1

S2

R1

R2

COMMENT

263

258

272

278

Initiate fresh short positions with a tight stop-loss only if the stock of SBI fails to move beyond ₹272 levels

 

₹1852 • TCS

S1

S2

R1

R2

COMMENT

1830

1810

1870

1890

Near-term stance is bullish for the stock. Buy in declines while retaining a fixed stop-loss at ₹1830 levels

 

10766 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10720

10670

10806

10850

Consider initiating fresh long positions with a tight stop-loss only if the contract climbs above 10,806 levels

 

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

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