Day Trading Guide For October 4

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

₹2031 • HDFC Bank

S1

S2

R1

R2

COMMENT

2018

2005

2045

2060

Consider initiating fresh long positions with a fixed stop-loss if the stock advances above ₹2,045 levels

 

₹727 • Infosys

S1

S2

R1

R2

COMMENT

720

710

740

750

Fresh short positions can be initiate with a stiff stop-loss if the stock of Infosys fails to move beyond ₹740 levels

 

₹294 • ITC

S1

S2

R1

R2

COMMENT

291

288

297

300

Initiate fresh long positions with a tight stop-loss only if the stock of ITC climbs above ₹297 levels

 

₹181 • ONGC

S1

S2

R1

R2

COMMENT

179

176

184

187

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹179 levels

 

₹1205 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1190

1175

1220

12235

Initiate fresh short positions with a stiff stop-loss if the stock of RIL reverses down from ₹1,220 levels

 

₹270 • SBI

S1

S2

R1

R2

COMMENT

265

260

276

282

Fresh long positions can be initiated with a tight stop-loss if the stock of SBI rallies above ₹276 levels

 

₹2162 • TCS

S1

S2

R1

R2

COMMENT

2140

2120

2180

2205

On Wednesday, the stock tumbled 4 per cent witnessing selling pressure. Sell in rallies with a stop-loss at ₹2,180

 

10893 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10850

10800

10950

11000

Consider initiating fresh long positions with a tight stop-loss only if the contract moves beyond 10,950 levels

 

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

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