Day Trading Guide for October 30

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

₹1924 • HDFC Bank

S1

S2

R1

R2

COMMENT

1910

1895

1940

1955

Consider initiating fresh short positions with a fixed stop-loss only if the stock falls below ₹1,910 levels

 

₹643 • Infosys

S1

S2

R1

R2

COMMENT

633

620

650

660

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹650 levels

 

₹283 • ITC

S1

S2

R1

R2

COMMENT

280

277

287

290

Initiate fresh short positions with a stiff stop-loss if the stock of ITC falls below ₹280 levels

 

₹155 • ONGC

S1

S2

R1

R2

COMMENT

153

150

158

162

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹153 levels

 

₹1088 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1070

1050

1110

1130

Initiate fresh long positions with a stiff stop-loss only if the stock of RIL advances above ₹1,110 levels

 

₹268 • SBI

S1

S2

R1

R2

COMMENT

262

257

272

278

The stock jumped 8 per cent last session. Make use of intra-day declines to buy it with a fixed stop-loss at ₹262 levels.

 

₹1869 • TCS

S1

S2

R1

R2

COMMENT

1850

1830

1895

1920

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹1,850 levels

 

10283 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10228

10180

10330

10380

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10,228 levels

 

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

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