Day trading guide

Day Trading Guide For September 19

| Updated on September 18, 2018 Published on September 18, 2018

 

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

₹1993 • HDFC Bank

S1

S2

R1

R2

COMMENT

1980

1967

2007

2025

Fresh short positions can be initiated with a stiff stop-loss if the stock drops below ₹1,980 levels

 

₹719 • Infosys

S1

S2

R1

R2

COMMENT

710

700

727

735

Make use of intra-day rallies to go short while maintaining a fixed stop-loss at ₹727 levels

 

₹302 • ITC

S1

S2

R1

R2

COMMENT

299

296

305

308

Initiate fresh short positions with a tight stop-loss only if the stock of ITC falls below ₹299 levels

 

₹173 • ONGC

S1

S2

R1

R2

COMMENT

170

167

176

179

The stock witnesses buying interest at lower levels, buy in declines while maintaining a tight stop-loss at ₹170 levels

 

₹1217 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1205

1190

1230

1245

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹1,230 levels

 

₹274 • SBI

S1

S2

R1

R2

COMMENT

269

263

280

287

Near-term outlook is bearish for the stock of SBI. Sell in rallies while maintaining a tight stop-loss at ₹280 levels

 

₹2070 • TCS

S1

S2

R1

R2

COMMENT

2050

2030

2095

2115

Fresh short positions are recommended with a stiff stop-loss only if the stock falls below ₹2,050 levels

 

11310 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11260

11210

11360

11410

Initiate fresh short positions with a tight stop-loss only if the contract fails to rally above 11,360 level

 

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

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.


  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.


  • Ad free experience

    Experience cleaner site with zero ads and faster load times.


  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.

This article is closed for comments.
Please Email the Editor