Day Trading Guide For October 17

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

10255 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10200

10150

10300

10350

Near-term outlook is bullish for the contract. Make use of intra-day declines to buy with a tight stop-loss at 10200 levels



₹1857 • HDFC Bank

S1

S2

R1

R2

COMMENT

1845

1835

1870

1880

Consider initiating fresh long positions with a stiff stop-loss only if the stock moves beyond ₹1870 levels



₹939 • Infosys

S1

S2

R1

R2

COMMENT

930

920

950

960

Make use of intra-day dips to buy the stock of Infosys while maintaining a tight stop-loss at ₹930 levels



₹267 • ITC

S1

S2

R1

R2

COMMENT

265

263

270

273

Fresh long positions can be initiated with a fixed stop-loss only if the stock advances above ₹270 levels



₹171 • ONGC

S1

S2

R1

R2

COMMENT

169

167

174

177

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹169 levels



₹875 • Reliance Ind.

S1

S2

R1

R2

COMMENT

865

855

886

899

Fresh long positions can be initiated with a tight stop-loss if the stock moves beyond ₹886 levels



₹252 • SBI

S1

S2

R1

R2

COMMENT

249

246

254

257

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹254 levels



₹2585 • TCS

S1

S2

R1

R2

COMMENT

2565

2545

2600

2620

Outlook is bullish for the stock of TCS. Buy in dips while retaining a fixed stop-loss at ₹2565 levels



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

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