Day Trading Guide For June 9

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



9669 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9640

9600

9705

9740

Initiate fresh long positions with a tight stop-loss only if the contract advances above 9705 levels



₹1645 • HDFC Bank

S1

S2

R1

R2

COMMENT

1635

1620

1655

1665

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹1635 levels



₹956 • Infosys

S1

S2

R1

R2

COMMENT

945

935

965

975

Make use of intra-day rallies to go short on the stock while maintaining a fixed stop-loss at ₹965 levels



₹311 • ITC

S1

S2

R1

R2

COMMENT

309

306

315

318

Consider initiating fresh short positions with a stiff stop-loss if the stock of ITC slips below ₹309 levels



₹170 • ONGC

S1

S2

R1

R2

COMMENT

168

165

173

176

Fresh short positions are recommended with a fixed stop-loss only if the stock drops below ₹168 levels



₹1329 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1345

1358

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹1315 levels



₹288 • SBI

S1

S2

R1

R2

COMMENT

285

282

291

294

The stock experiences selling pressure at higher levels. Go short if the stock fails to move beyond ₹291 levels



₹2521 • TCS

S1

S2

R1

R2

COMMENT

2500

2480

2540

2560

Outlook is bearish for the stock of TCS. Sell it in rallies while maintaining a stiff stop-loss at ₹2540 levels



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

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