Day trading guide

Day Trading Guide for May 14, 2019

| Updated on May 13, 2019 Published on 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.

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