Day trading guide

Day Trading Guide For October 4

| Updated on March 09, 2018 Published on October 03, 2017

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

9868 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9825

9770

9900

9950

Fresh long positions can be initiated with a fixed stop-loss only if the contract rebounds up from 9825 levels



₹1808 • HDFC Bank

S1

S2

R1

R2

COMMENT

1800

1790

1820

1830

Consider initiating fresh long positions with a fixed stop-loss if the stock moves beyond ₹1820 levels



₹903 • Infosys

S1

S2

R1

R2

COMMENT

896

890

915

925

Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹896 levels



₹261 • ITC

S1

S2

R1

R2

COMMENT

258

256

263

265

Fresh long positions can be initiated with a fixed stop-loss only if the stock of ITC rallies above ₹263 levels



₹170 • ONGC

S1

S2

R1

R2

COMMENT

168

166

174

177

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹168 levels



₹798 • Reliance Ind.

S1

S2

R1

R2

COMMENT

790

980

808

820

Initiate fresh long positions with a fixed stop-loss only if the stock climbs beyond ₹808 levels



₹251 • SBI

S1

S2

R1

R2

COMMENT

249

246

253

256

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹253 levels



₹2447 • TCS

S1

S2

R1

R2

COMMENT

2430

2410

2460

2480

Fresh short positions can be initiated with a tight stop-loss if the stock of TCS reverses down from ₹2460 levels



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

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