Day trading guide

Day Trading Guide For October 3

| Updated on January 08, 2018 Published on October 02, 2017

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

9800 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9750

9700

9850

9900

Consider initiating fresh short positions with a tight stop-loss only if the contract reverses down from 9850



₹1803 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1780

1815

1825

Fresh long positions are recommended with a stiff stop-loss if the stock advances above ₹1815 levels



₹898 • Infosys

S1

S2

R1

R2

COMMENT

890

880

906

915

Consider initiating fresh long positions with a fixed stop-loss only if the stock climbs beyond ₹906 levels



₹258 • ITC

S1

S2

R1

R2

COMMENT

256

263

262

265

Near-term view is bearish for the stock of ITC. Make use of intra-day rallies to sell the stock with a stop-loss at ₹262



₹170 • ONGC

S1

S2

R1

R2

COMMENT

168

166

174

177

Initiate fresh long positions with a tight stop-loss if the stock of ONGC reverses higher from ₹168 levels



₹782 • Reliance Ind.

S1

S2

R1

R2

COMMENT

770

760

790

800

Consider initiating fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹790 levels



₹253 • SBI

S1

S2

R1

R2

COMMENT

251

247

256

259

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹251 levels



₹2437 • TCS

S1

S2

R1

R2

COMMENT

2420

2400

2460

2480

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹2460 levels



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

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.


  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.


  • Ad free experience

    Experience cleaner site with zero ads and faster load times.


  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.

This article is closed for comments.
Please Email the Editor