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.

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