Day trading guide

Day Trading Guide For October 5

| Updated on October 04, 2018 Published on October 04, 2018

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

 

₹1960 • HDFC Bank

S1

S2

R1

R2

COMMENT

1940

1920

1980

2000

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1,980 levels

 

₹706 • Infosys

S1

S2

R1

R2

COMMENT

698

686

715

728

Make use of intra-day rallies to sell the stock of Infosys while maintaining a stiff stop-loss at ₹715 levels

 

₹287 • ITC

S1

S2

R1

R2

COMMENT

285

282

290

293

Fresh short positions can be initiated with a stiff stop-loss only of the stock falls below ₹285 levels

 

₹174 • ONGC

S1

S2

R1

R2

COMMENT

170

166

178

181

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹170 levels

 

₹1120 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1105

1085

1136

1155

Last session, the stock tumbled 7 per cent with good volume. Near-term view is negative. Sell in rallies

 

₹270 • SBI

S1

S2

R1

R2

COMMENT

265

260

276

282

Consider initiating fresh long positions with a fixed stop-loss only if stock of SBI climbs above ₹276 levels

 

₹2064 • TCS

S1

S2

R1

R2

COMMENT

2040

2010

2085

2105

Outlook is bearish for the stock of TCS. Sell in intra-day rallies while retaining a stiff stop-loss at ₹2,085 levels

 

10631 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10582

10530

10685

10730

The contract tests a key support. Go short only if the contract declines below 10,582 with a fixed stop-loss

 

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

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