Day Trading Guide For October 12

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

9992 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9950

9900

10035

10085

Fresh short positions can be initiated with a tight stop-loss only if the contract falls below 9950 levels



₹1790 • HDFC Bank

S1

S2

R1

R2

COMMENT

1780

1770

1803

1815

Initiate fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹1803 levels



₹930 • Infosys

S1

S2

R1

R2

COMMENT

920

910

940

950

Consider initiating fresh long positions with a stiff stop-loss if the stock rebounds up from ₹920 levels



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

268

270

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC drops below ₹263 levels



₹169 • ONGC

S1

S2

R1

R2

COMMENT

168

166

172

174

Utilise intra-day rallies to go short in the stock of ONGC while maintaining a fixed stop-loss at ₹172 levels



₹840 • Reliance Ind.

S1

S2

R1

R2

COMMENT

830

820

850

858

The stock tests a key resistance at current levels. Go long only if the stock advances above ₹850 levels



₹251 • SBI

S1

S2

R1

R2

COMMENT

248

245

254

257

Consider initiating fresh short positions with a tight stop-loss if the stock reverses down from ₹254 levels



₹2500 • TCS

S1

S2

R1

R2

COMMENT

2480

2460

2520

2540

Near-term view is bullish. Make use of intra-day dips to buy the stock with a stiff stop-loss at ₹2480 levels



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

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