Day trading guide

Day Trading Guide For October 26

| Updated on January 08, 2018 Published on October 25, 2017

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

10289 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10250

10200

10340

10390

Fresh short positions can be initiated with a tight stop-loss only if the contract falls below 10250 levels



₹1794 • HDFC Bank

S1

S2

R1

R2

COMMENT

1780

1770

1805

1815

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹1805 levels



₹935 • Infosys

S1

S2

R1

R2

COMMENT

925

915

944

955

Consider initiating fresh long positions with a fixed stop-loss if the stock rallies above ₹944 levels



₹269 • ITC

S1

S2

R1

R2

COMMENT

267

264

271

273

Initiate fresh long positions with a tight stop-loss only if the stock of ITC advances above ₹271 levels



₹176 • ONGC

S1

S2

R1

R2

COMMENT

174

172

179

182

Fresh long positions can be initiated with a fixed stop-loss if the stock of ONGC moves beyond ₹179 levels



₹939 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

950

960

Initiate short positions with a tight stop-loss if the stock reverses down from ₹950 levels



₹324 • SBI

S1

S2

R1

R2

COMMENT

318

310

330

335

Fresh short positions can be initiated with a stiff stop-loss if the stock declines below ₹318 levels



₹2560 • TCS

S1

S2

R1

R2

COMMENT

2540

2520

2580

2600

Make use of intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹2580 levels



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

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