Day Trading Guide for October 10

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

₹1942 • HDFC Bank

S1

S2

R1

R2

COMMENT

1930

1915

1955

1970

Fresh short positions are recommended with a stiff stop-loss only if the stock falls below ₹1,930 levels

 

₹717 • Infosys

S1

S2

R1

R2

COMMENT

706

698

726

735

Consider initiating fresh long positions with a fixed stop-loss if the stock moves above ₹726 levels

 

₹268 • ITC

S1

S2

R1

R2

COMMENT

265

262

271

274

A strong rally above ₹271 will a positive cue to initiate fresh long positions with a fixed stop-loss

 

₹146 • ONGC

S1

S2

R1

R2

COMMENT

144

141

150

153

Initiate fresh long positions with a tight stop-loss if the stock of ONGC rebounds up from ₹144 levels

 

₹1090 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1070

1050

1110

1130

Fresh long positions are recommended with a fixed stop-loss only if the stock of RIL rallies above ₹1,110 levels

 

₹262 • SBI

S1

S2

R1

R2

COMMENT

257

250

267

272

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹257 levels

 

₹2090 • TCS

S1

S2

R1

R2

COMMENT

2070

2050

2110

2130

Fresh long positions can be initiated with a stiff stop-loss only if the stock of TCS climbs above ₹2,110 levels

 

10314 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10260

10210

10370

10420

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10,370 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





Related

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
This article is closed for comments.
Please Email the Editor