Day trading guide

Day Trading Guide For October-17

| Updated on October 22, 2018 Published on October 16, 2018

₹1992 • HDFC Bank

S1

S2

R1

R2

COMMENT

1975

1960

2005

2020

Initiate fresh short positions with a tight stop-loss if the stock reverses down from ₹2,005 levels

₹696 • Infosys

S1

S2

R1

R2

COMMENT

685

675

708

720

Consider initiating fresh long positions with a stiff stop-loss only if the stock moves beyond ₹708 levels

₹282 • ITC

S1

S2

R1

R2

COMMENT

279

276

284

287

Make use of intra-day dips to buy the stock of ITC while maintaining a stiff stop-loss at ₹279 levels

₹165 • ONGC

S1

S2

R1

R2

COMMENT

162

159

168

171

The stock faces a key resistance ahead. Initiate fresh short positions if it fails to rally above ₹168 levels

₹1163 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1148

1135

1175

1190

Initiate fresh long positions with a tight stop-loss if the stock of RIL rebounds up from ₹1,148 levels

₹270 • SBI

S1

S2

R1

R2

COMMENT

265

260

274

280

Make use of intra-day declines to buy the stock of SBI with a fixed stop-loss at ₹265 levels

₹1961 • TCS

S1

S2

R1

R2

COMMENT

1940

1920

1980

2000

Initiate fresh short positions with a stiff stop-loss only if the stock falls below ₹1,940 levels

10589 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10540

10490

10640

10690

Fresh long positions can be initiated with a fixed stop-loss if the contract reverses higher from 10,540 levels

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

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