Day Trading Guide For May 19

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





9440 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9400

9350

9490

9535

Initiate fresh short positions with a tight stop-loss if the contract declines below 9400 levels



₹1558 • HDFC Bank

S1

S2

R1

R2

COMMENT

1548

1535

1565

1575

Consider initiating fresh short positions with a stiff stop-loss if the stock falls below ₹1,548 levels



₹961 • Infosys

S1

S2

R1

R2

COMMENT

950

940

970

980

Make use of intra-day dips to initiate fresh long positions while maintaining a fixed stop-loss at ₹950 levels.



₹278 • ITC

S1

S2

R1

R2

COMMENT

276

273

280

283

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹276 levels



₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

184

188

The near-term outlook is negatively biased. Sell the stock in rallies while retaining a stiff stop-loss at ₹184 levels



₹1327 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1340

1355

Fresh short positions can be initiated with a tight stop-loss if the stock fails to move beyond ₹1,340 levels



₹302 • SBI

S1

S2

R1

R2

COMMENT

299

296

304

307

Fresh short positions are recommended with a fixed stop-loss only if the stock drops below ₹299 levels



₹2534 • TCS

S1

S2

R1

R2

COMMENT

2510

2490

2550

2570

The stock tests a key resistance at ₹2,550 levels. Go long on a strong rally beyond this level with a stiff stop-loss



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

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