Day Trading Guide For September 1

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

9917 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9870

9820

9965

10000

Initiate fresh long positions with a tight stop-loss if the contract advances above 9965 levels



₹1775 • HDFC Bank

S1

S2

R1

R2

COMMENT

1760

1745

1790

1805

Fresh long positions are recommended with a stiff stop-loss only if the stock climbs above ₹1790 levels



₹915 • Infosys

S1

S2

R1

R2

COMMENT

905

894

925

935

Make use of intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹925 levels



₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

285

288

The stock is stuck in a narrow range. Go long with a tight stop-loss only if the stock moves beyond ₹285 levels



₹157 • ONGC

S1

S2

R1

R2

COMMENT

155

152

160

162

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹160 levels once again



₹1593 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1570

1550

1610

1630

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹1570 levels



₹277 • SBI

S1

S2

R1

R2

COMMENT

273

270

279

282

The stock is volatile and trades in a narrow range. Desist trading in the stock for the session



₹2496 • TCS

S1

S2

R1

R2

COMMENT

2480

2460

2510

2530

Consider initiating fresh long positions with a tight stop-loss only if the stock rallies above ₹2510 levels



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

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