Day Trading Guide For September 15

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

10114 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10055

10010

10145

10200

The contract experiences selling pressure at higher levels. Go long with a fixed stop-loss on a strong rally beyond 10145 levels



₹1843 • HDFC Bank

S1

S2

R1

R2

COMMENT

1830

1820

1850

1860

Initiate fresh long positions with a fixed stop-loss if the stock climbs beyond ₹1850 levels



₹892 • Infosys

S1

S2

R1

R2

COMMENT

883

870

900

910

Make use of intra-day dips to initiate fresh long positions while maintaining a tight stop-loss at ₹883 levels



₹271 • ITC

S1

S2

R1

R2

COMMENT

269

266

274

277

Fresh short positions can be initiated with a fixed stop-loss only if the stock falls below ₹269 levels



₹159 • ONGC

S1

S2

R1

R2

COMMENT

157

154

162

165

Near-term outlook is bearish for the stock of ONGC. Sell the stock in rallies while retaining a fixed stop-loss at ₹162 levels



₹844 • Reliance Ind.

S1

S2

R1

R2

COMMENT

835

825

854

862

Fresh short positions are recommended with a tight stop-loss only if the stock drops below ₹825 levels



₹273 • SBI

S1

S2

R1

R2

COMMENT

271

268

277

280

Desist trading in the stock of SBI for the session as the near-term view is indecisive



₹2485 • TCS

S1

S2

R1

R2

COMMENT

2470

2450

2510

2530

Fresh long positions can be initiated with a stiff stop-loss only if the stock of TCS advances above ₹2510 levels



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

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