Day Trading Guide For October 5

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

9930 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9900

9860

9970

10010

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 9900 levels



₹1796 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1780

1810

1820

Make use of intra-day rallies to initiate fresh short positions with a fixed stop-loss at ₹1810 levels



₹899 • Infosys

S1

S2

R1

R2

COMMENT

890

880

910

920

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies beyond ₹910 levels



₹267 • ITC

S1

S2

R1

R2

COMMENT

264

261

270

273

Near-term stance is bullish for the stock of ITC. Buy the stock in dips while retaining a stiff stop-loss at ₹264 levels



₹172 • ONGC

S1

S2

R1

R2

COMMENT

170

168

174

177

As long as the stock trades above ₹170, its near-term view remains bullish. Buy the stock in dips



₹819 • Reliance Ind.

S1

S2

R1

R2

COMMENT

810

800

830

840

Initiate fresh long positions with a fixed stop-loss if the stock of RIL rebounds up from ₹810 levels



₹253 • SBI

S1

S2

R1

R2

COMMENT

251

249

255

258

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹830 levels



₹2442 • TCS

S1

S2

R1

R2

COMMENT

2420

2400

2460

2480

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



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

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