Day trading guide

Day Trading Guide for May 10

| Updated on May 09, 2018 Published on May 09, 2018

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

₹1979 • HDFC Bank

S1

S2

R1

R2

COMMENT

1970

1958

1988

2000

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹1970 levels

 

₹1171 • Infosys

S1

S2

R1

R2

COMMENT

1160

1150

1180

1190

Initiate fresh short positions with a stiff stop-loss if the stock declines below ₹1160 levels

 

₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

284

287

The stock trades above a key support at ₹280. Go short if the stock falls below ₹280 with a fixed stop-loss

 

₹182 • ONGC

S1

S2

R1

R2

COMMENT

180

178

186

189

Consider initiating fresh long positions with a stiff stop-loss only if the stock of ONGC rallies beyond ₹186 levels

 

₹975 • Reliance Ind.

S1

S2

R1

R2

COMMENT

965

955

983

995

Fresh long positions can be initiated with a fixed stop-loss if the stock of RIL reverses higher from ₹965 levels

 

₹248 • SBI

S1

S2

R1

R2

COMMENT

245

240

253

258

Make use of intra-day declines to buy the stock of SBI while maintaining a stiff stop-loss at ₹245 levels

 

₹3489 • TCS

S1

S2

R1

R2

COMMENT

3465

3440

3510

3530

Initiate fresh long positions with a fixed stop-loss only if the stock of TCS rallies above ₹3510 levels

 

10769 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10720

10670

10825

10875

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 10720 levels

 

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

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.


  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.


  • Ad free experience

    Experience cleaner site with zero ads and faster load times.


  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.

This article is closed for comments.
Please Email the Editor