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:

10016 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9975

9925

10050

10100

Fresh long positions are recommended with a tight stop-loss only if the contract rallies above 10,050 levels



₹1794 • HDFC Bank

S1

S2

R1

R2

COMMENT

1785

1770

1805

1815

Consider initiating fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1805 levels



₹923 • Infosys

S1

S2

R1

R2

COMMENT

914

905

930

940

Make use of intra-day dips to buy the stock while maintaining a tight stop-loss at ₹914 levels



₹268 • ITC

S1

S2

R1

R2

COMMENT

265

263

270

273

Fresh long positions can be initiated with a fixed stop-loss if the stock ITC reverses higher from ₹265 levels



₹170 • ONGC

S1

S2

R1

R2

COMMENT

168

166

173

175

Fresh short positions are recommended with a stiff stop-loss only if the stock drops below ₹168 levels



₹830 • Reliance Ind.

S1

S2

R1

R2

COMMENT

820

810

840

850

A strong fall below ₹820 levels will be bearish for the stock. Go short below ₹820 levels with a fixed stop-loss



₹256 • SBI

S1

S2

R1

R2

COMMENT

253

250

259

262

Initiate fresh long positions with a stiff stop-loss if the stock of SBI rebounds up from ₹253 levels



₹2452 • TCS

S1

S2

R1

R2

COMMENT

2430

2410

2470

2490

Consider initiating fresh long positions with a fixed stop-loss if the stock advances above ₹2470 levels



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

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