Day Trading Guide For October 11

 

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

₹1966 • HDFC Bank

S1

S2

R1

R2

COMMENT

1950

1937

1980

1995

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹1,950 levels

 

₹700 • Infosys

S1

S2

R1

R2

COMMENT

690

687

712

725

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹690 levels

 

₹270 • ITC

S1

S2

R1

R2

COMMENT

268

265

272

275

Consider initiating fresh long positions with a fixed stop-loss if the stock of ITC moves beyond ₹272 levels

 

₹148 • ONGC

S1

S2

R1

R2

COMMENT

146

144

152

155

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹146 levels

 

₹1102 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1090

1070

1115

1130

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL rebounds up from ₹1,090 levels

 

₹278 • SBI

S1

S2

R1

R2

COMMENT

272

265

282

288

Near-term outlook is bullish for SBI. Buy the stock in dips while retaining a stiff stop-loss at ₹272 levels

 

₹2043 • TCS

S1

S2

R1

R2

COMMENT

2020

2000

2065

2090

Initiate fresh short positions with a stiff stop-loss if the stock fails to move above ₹2,065 levels

 

10465 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10415

10370

10500

10550

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,415 levels

 

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

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