Day Trading Guide For September 14

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

10091 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10055

10010

10145

10200

Fresh short positions can be initiated with a fixed stop-loss only if the contract declines below 10055 levels



₹1842 • HDFC Bank

S1

S2

R1

R2

COMMENT

1830

1820

1850

1860

Consider initiating fresh long positions with a stiff stop-loss if the stock of advances above ₹1850 levels



₹883 • Infosys

S1

S2

R1

R2

COMMENT

870

860

890

900

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹890 levels



₹271 • ITC

S1

S2

R1

R2

COMMENT

269

266

274

277

Near-term outlook has turned bearish once again. Sell the stock in rallies with a tight stop-loss at ₹274 levels



₹161 • ONGC

S1

S2

R1

R2

COMMENT

159

157

164

167

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹164 levels



₹849 • Reliance Ind.

S1

S2

R1

R2

COMMENT

840

830

859

870

As long as the stock trades above ₹840, near-term outlook will remain positive. Buy with a fixed stop-loss at ₹840



₹273 • SBI

S1

S2

R1

R2

COMMENT

271

268

277

280

Fresh long positions are recommended with a stiff stop-loss only if the stock of SBI climbs beyond ₹277 levels



₹2488 • TCS

S1

S2

R1

R2

COMMENT

2475

2450

2510

2530

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹2475 levels



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

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