Day Trading Guide For June-06

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



9685 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9640

9600

9717

9750

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 9640 levels



₹1635 • HDFC Bank

S1

S2

R1

R2

COMMENT

1625

1610

1645

1655

Consider initiating fresh short positions with a tight stop-loss only if the stock declines below ₹1625 levels



₹960 • Infosys

S1

S2

R1

R2

COMMENT

950

940

960

970

Fresh short positions are recommended with a stiff stop-loss if the stock fall below ₹940 levels



₹317 • ITC

S1

S2

R1

R2

COMMENT

313

310

319

321

Initiate fresh long positions with a fixed stop-loss if the stock of ITC moves beyond ₹319 levels



₹175 • ONGC

S1

S2

R1

R2

COMMENT

173

170

178

181

Fresh long positions can be initiated with a tight stop-loss if the stock of ONGC reverses higher from ₹173 levels



₹1328 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1340

1355

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move above ₹1340 levels



₹287 • SBI

S1

S2

R1

R2

COMMENT

285

283

291

294

Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹291 levels



₹2601 • TCS

S1

S2

R1

R2

COMMENT

2580

2560

2620

2640

Near-term outlook is bullish for the stock of TCS. Make use of intra-day dips to buy the stock with a fixed stop-loss



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

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