Day trading guide

Day Trading Guide For October-18

Yoganand D BL Bresearch Bureau | Updated on January 08, 2018 Published on October 17, 2017

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

10253 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10200

10150

10300

10350

Initiate fresh long positions with a stiff stop-loss if the contract rebounds up from 10,200 levels



₹1850 • HDFC Bank

S1

S2

R1

R2

COMMENT

1840

1830

1860

1870

Fresh long positions can be initiated with a fixed stop-loss only if the stock rallies above ₹1860 levels



₹931 • Infosys

S1

S2

R1

R2

COMMENT

920

910

940

950

Initiate fresh short positions with a tight stop-loss if the stock fails to move beyond ₹940 levels



₹267 • ITC

S1

S2

R1

R2

COMMENT

265

263

270

273

Consider initiating fresh long positions with a tight stop-loss only if the stock of ITC climbs above ₹270 levels



₹171 • ONGC

S1

S2

R1

R2

COMMENT

169

167

174

177

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹174 levels



₹874 • Reliance Ind.

S1

S2

R1

R2

COMMENT

865

855

886

899

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹865 levels



₹251 • SBI

S1

S2

R1

R2

COMMENT

249

246

254

257

The stock faces difficulty in exceeding beyond ₹254 levels. Desist trading in the stock for the day



₹2595 • TCS

S1

S2

R1

R2

COMMENT

2575

2550

2615

2635

Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹2575 levels



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

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