Day Trading Guide For September 12

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

₹1822 • HDFC Bank

S1

S2

R1

R2

COMMENT

1800

1780

1850

1900

Wait for dips and go long if the stock reverses higher from ₹1,800. Keep the stop-loss at ₹1,785



₹878 • Infosys

S1

S2

R1

R2

COMMENT

870

865

890

905

Outlook is bearish. Go short and also accumulate on rallies. Stop-loss can be placed at ₹895



₹273 • ITC

S1

S2

R1

R2

COMMENT

270

262

277

280

Immediate outlook is not clear. Avoid trading this stock until a clear trend emerges



₹163 • ONGC

S1

S2

R1

R2

COMMENT

160

156

167

170

Short-term view is bullish. Go long and also accumulate on dips with a stop-loss at ₹159



₹818 • Reliance Ind.

S1

S2

R1

R2

COMMENT

812

800

827

834

Initiate fresh short positions if RIL declines below ₹812. Keep the stop-loss at ₹817



₹271 • SBI

S1

S2

R1

R2

COMMENT

270

267

274

280

Initiate fresh short positions with a stop-loss at ₹272 if the stock breaks below ₹270



₹2463 • TCS

S1

S2

R1

R2

COMMENT

2440

2400

2485

2500

Stuck in a narrow range and the immediate outlook is not clear. Avoid trading this stock



10026 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10000

9980

10040

10060

Wait for dips and go long with a stop-loss at 9,975 if the index futures reverses higher from 10,000



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

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