Day trading guide

Day Trading Guide For October 11

| Updated on January 08, 2018 Published on October 10, 2017

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

10035 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9985

9935

10080

10130

Consider initiating fresh long positions with a tight stop-loss only if the contract moves beyond 10,080 levels



₹1802 • HDFC Bank

S1

S2

R1

R2

COMMENT

1792

1780

1815

1825

Fresh long positions can be initiated with a fixed stop-loss only if the stock advances above ₹1815 levels



₹935 • Infosys

S1

S2

R1

R2

COMMENT

925

914

945

955

Near-term outlook is bullish for the stock of Infosys. Buy the stock in declines with a stiff stop-loss at ₹925 levels



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

268

270

Make use of intra-day rallies to sell the stock while maintaining a tight stop-loss at ₹268 levels



₹170 • ONGC

S1

S2

R1

R2

COMMENT

168

166

173

175

Initiate fresh short positions with a fixed stop-loss if the stock of ONGC falls below ₹168 levels



₹843 • Reliance Ind.

S1

S2

R1

R2

COMMENT

835

825

850

860

Initiate fresh long positions with a stiff stop-loss if the stock of reverses higher from ₹835 levels



₹256 • SBI

S1

S2

R1

R2

COMMENT

253

250

259

262

Fresh long positions are recommended with a tight stop-loss only if the stock jumps above ₹259 levels



₹2459 • TCS

S1

S2

R1

R2

COMMENT

2440

2420

2470

2490

Utilise intra-day declines to buy the stock of TCS while retaining a stiff stop-loss at ₹2440 levels



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

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