Day Trading Guide For October 13

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

S1

S2

R1

R2

COMMENT

10070

10035

10150

10200

Initiate fresh long positions with a fixed stop-loss if the contract rebounds up from 10,070 levels



₹1815 • HDFC Bank

S1

S2

R1

R2

COMMENT

1805

1795

1825

1835

Fresh long positions can be initiated with a stiff stop-loss only if the stock reverses higher from ₹1805 levels



₹927 • Infosys

S1

S2

R1

R2

COMMENT

920

910

940

950

Fresh long positions are recommended with a fixed stop-loss if the stock of Infosys moves beyond ₹940 levels



₹267 • ITC

S1

S2

R1

R2

COMMENT

265

263

269

272

Make use of intra-day dips to buy the stock while maintaining a tight stop-loss at ₹265 levels



₹169 • ONGC

S1

S2

R1

R2

COMMENT

167

165

172

174

Consider initiating fresh long positions with a tight stop-loss only if the stock climbs beyond ₹172 levels



₹872 • Reliance Ind.

S1

S2

R1

R2

COMMENT

860

850

880

890

Near-term outlook is bullish for the stock of RIL. Make use of intra-day dips to buy it with a stop-loss at ₹860 levels



₹251 • SBI

S1

S2

R1

R2

COMMENT

248

245

254

257

Initiate fresh long positions with a fixed stop-loss only if the stock of SBI moves beyond ₹254 levels



₹2548 • TCS

S1

S2

R1

R2

COMMENT

2530

2510

2570

2590

Utilise intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹2430 levels



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

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