Day trading guide

Day Trading Guide For October 6

| Updated on January 08, 2018 Published on October 05, 2017

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

9908 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9870

9820

9954

10000

Fresh short positions can be initiated with a fixed stop-loss only if the contract declines below 9870 levels



₹1799 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1780

1810

1820

Consider initiating fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1810 levels



₹903 • Infosys

S1

S2

R1

R2

COMMENT

890

880

910

920

Initiate fresh long positions with a fixed stop-loss only if the stock of Infosys advances above ₹910 levels



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

261

268

271

Initiate fresh long positions with a tight stop-loss if the stock rallies above ₹268 levels



₹170 • ONGC

S1

S2

R1

R2

COMMENT

168

166

173

175

Utilise intra-day declines to buy the stock of ONGC while maintaining a stiff stop-loss at ₹168 levels



₹824 • Reliance Ind.

S1

S2

R1

R2

COMMENT

812

800

830

840

Fresh short positions are recommended with a tight stop-loss only if the stock slumps below ₹812 levels



₹251 • SBI

S1

S2

R1

R2

COMMENT

249

246

253

255

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



₹2430 • TCS

S1

S2

R1

R2

COMMENT

2420

2400

2450

2470

Consider initiating fresh short positions with a stiff stop-loss only if the stock drops below ₹2420 levels



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

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