Day Trading Guide For October 25

 

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

₹1991 • HDFC Bank

S1

S2

R1

R2

COMMENT

1975

1960

2005

2020

Initiate fresh short positions with a tight stop-loss only if the stock declines below ₹1,975 levels

 

₹650 • Infosys

S1

S2

R1

R2

COMMENT

640

630

660

670

Utilise intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹660 levels

 

₹287 • ITC

S1

S2

R1

R2

COMMENT

284

281

290

293

Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC moves above ₹290 levels

 

₹157 • ONGC

S1

S2

R1

R2

COMMENT

154

150

160

163

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC reverses higher from ₹154 levels

 

₹1046 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1031

1015

1060

1075

Consider initiating fresh long positions with a tight stop-loss only if the stock rallies above ₹1060 levels

 

₹255 • SBI

S1

S2

R1

R2

COMMENT

250

245

261

267

Initiate fresh long positions with a fixed stop-loss only if the stock of SBI climbs beyond ₹261 levels

 

₹1851 • TCS

S1

S2

R1

R2

COMMENT

1830

1810

1870

1895

Fresh long positions can be initiated with a stiff stop-loss only if the stock advances above ₹1,870 levels

 

10228 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10180

10130

10278

10330

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 10,180 levels

 

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

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