Day Trading Guide for May 14, 2019

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

₹2289 • HDFC Bank

S1

S2

R1

R2

COMMENT

2275

2260

2305

2320

Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹2,305 levels

 

₹720 • Infosys

S1

S2

R1

R2

COMMENT

713

707

727

735

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹727 levels

 

₹289 • ITC

S1

S2

R1

R2

COMMENT

287

284

292

295

Make use of intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹292 levels

 

₹164 • ONGC

S1

S2

R1

R2

COMMENT

161

158

167

170

Fresh short positions can be initiated with a stiff stop-loss if the stock of ONGC falls below ₹161 levels

 

₹1230 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1215

1200

1245

1260

Near-term outlook is bearish for the stock of RIL. Selling rallies while maintaining a stop-loss at ₹1,245 levels

 

₹306 • SBI

S1

S2

R1

R2

COMMENT

300

294

312

320

Initiate fresh short positions with a tight stop-loss only if the stock of SBI declines below ₹300 levels

 

₹2131 • TCS

S1

S2

R1

R2

COMMENT

2110

2090

2150

2170

Consider initiating fresh long positions with a stiff stop-loss only if the stock of TCS climbs above ₹2,150 levels

 

11281 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11240

11200

11330

11380

Initiate fresh long positions with a tight stop-loss only if the contract advances above 11,330 levels

 

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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





TOPICS

Related

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.