Day trading guide

Day Trading Guide For May 11

| Updated on May 10, 2018 Published on May 10, 2018

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

₹1989 • HDFC Bank

S1

S2

R1

R2

COMMENT

1979

1970

2000

2010

Initiate fresh long positions with a fixed stop-loss only if the stock rallies beyond ₹2000 levels

 

₹1167 • Infosys

S1

S2

R1

R2

COMMENT

1160

1150

1180

1190

Consider initiating fresh short positions with a stiff stop-loss only if the stock falls below ₹1160 levels

 

₹279 • ITC

S1

S2

R1

R2

COMMENT

277

274

282

284

Make use of intra-day rallies to sell the stock of ITC while maintaining a tight stop-loss at ₹282 levels

 

₹188 • ONGC

S1

S2

R1

R2

COMMENT

186

183

200

203

Witnessing buying interest, the stock advanced 2.8 per cent last session. Buy in declines with a fixed stop-loss

 

₹980 • Reliance Ind.

S1

S2

R1

R2

COMMENT

970

960

900

1000

Initiate fresh long positions with a tight stop-loss if the stock of RIL reverses higher from ₹970 levels

 

₹247 • SBI

S1

S2

R1

R2

COMMENT

244

240

253

258

Fresh long positions can be initiated with a fixed stop-loss only if the stock of SBI advances above ₹253 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

 

10725 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10680

10630

10775

10825

Consider initiating fresh short positions with a tight stop-loss only if the contract declines below 10680 levels

 

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

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