Day trading guide

Day Trading Guide For October 3

| Updated on October 02, 2018 Published on October 02, 2018

 

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

₹2036 • HDFC Bank

S1

S2

R1

R2

COMMENT

2020

2005

2050

2065

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from around ₹2,020

 

₹744 • Infosys

S1

S2

R1

R2

COMMENT

735

725

755

765

Make use of intra-day dips to initiate fresh long positions while maintaining a stiff stop-loss at ₹735 levels

 

₹296 • ITC

S1

S2

R1

R2

COMMENT

293

290

300

303

Fresh long positions are recommended with a fixed stop-loss only if the stock of ITC rallies above ₹300

 

₹179 • ONGC

S1

S2

R1

R2

COMMENT

176

173

182

185

Initiate fresh long positions with a tight stop-loss only if the stock of ONGC rebounds up from ₹176 levels

 

₹1231 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1216

1204

1245

1260

Fresh short positions can be initiate with a stiff stop-loss only if the stock declines below ₹1,216

 

₹273 • SBI

S1

S2

R1

R2

COMMENT

268

262

278

284

Make use of intra-day declines to buy the stock of SBI while retaining a fixed stop-loss at ₹268

 

₹2255 • TCS

S1

S2

R1

R2

COMMENT

2234

2210

2275

2295

Near-term outlook is bullish for the stock of TCS. Buy in dips with a stiff stop-loss at ₹2,234

 

11061 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11015

10965

11110

11160

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from around 11,015

 

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

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