Day Trading Guide For October 9

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

₹1945 • HDFC Bank

S1

S2

R1

R2

COMMENT

1930

1915

1960

1975

Consider initiating fresh long positions with a stiff stop-loss only if stock moves above ₹1,960 levels

 

₹714 • Infosys

S1

S2

R1

R2

COMMENT

706

698

725

735

Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹706 levels

 

₹273 • ITC

S1

S2

R1

R2

COMMENT

270

267

276

280

Initiate fresh long positions with a tight stop-loss if the stock of ITC reverses higher from ₹270 levels

 

₹149 • ONGC

S1

S2

R1

R2

COMMENT

146

143

153

157

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹146 levels

 

₹1107 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1090

1070

1120

1140

The stock witnesses buying interest at lower levels. Buy in declines while retaining a stiff stop-loss at ₹1,090

 

₹266 • SBI

S1

S2

R1

R2

COMMENT

262

257

272

280

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI reverses higher from ₹262 levels

 

₹2080 • TCS

S1

S2

R1

R2

COMMENT

2060

2040

2100

2123

Initiate fresh short positions with a tight stop-loss if the stock of TCS falls below ₹2,060 levels

 

10379 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10330

10275

10430

10480

Fresh long positions can be initiated with a fixed stop-loss if the contract advances above 10,430 levels

 

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

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