Day Trading Guide For May 25

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

9364 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9325

9280

9410

9450

Fresh short positions can be initiated with a tight stop-loss only if the contract reverses down from 9,410 levels



₹1569 • HDFC Bank

S1

S2

R1

R2

COMMENT

1555

1545

1576

1585

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹1555 levels



₹953 • Infosys

S1

S2

R1

R2

COMMENT

944

935

960

967

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹960 levels



₹299 • ITC

S1

S2

R1

R2

COMMENT

297

293

303

306

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves beyond ₹303 levels



₹173 • ONGC

S1

S2

R1

R2

COMMENT

172

170

176

179

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC rebounds up from ₹170 levels



₹1297 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1285

1270

1315

1330

Fresh short positions can be initiated with a stiff stop-loss if the stock slumps below ₹1285 levels



₹283 • SBI

S1

S2

R1

R2

COMMENT

280

277

286

289

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹286 levels



₹2557 • TCS

S1

S2

R1

R2

COMMENT

2540

2520

2580

2600

Near-term outlook is bullish of the stock of TCS. Buy the stock in declines with a stiff stop-loss at ₹2540 levels



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

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