Day Trading Guide For September 21

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

10167 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10125

10080

10200

10250

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10125 levels



₹1849 • HDFC Bank

S1

S2

R1

R2

COMMENT

1840

1830

1860

1870

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹1840 levels



₹912 • Infosys

S1

S2

R1

R2

COMMENT

900

890

920

930

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys rebounds up from ₹900 levels



₹271 • ITC

S1

S2

R1

R2

COMMENT

269

266

274

277

Consider initiating fresh long positions with a fixed stop-loss if the stock moves beyond ₹274 levels



₹167 • ONGC

S1

S2

R1

R2

COMMENT

165

162

170

173

Outlook is bullish for the stock of ONGC. Buy in dips while maintaining a stiff stop-loss at ₹165 levels



₹847 • Reliance Ind.

S1

S2

R1

R2

COMMENT

840

830

856

865

Initiate fresh long positions with a tight stop-loss if the stock advances above ₹856 levels



₹270 • SBI

S1

S2

R1

R2

COMMENT

267

264

273

276

Fresh long positions can be initiated with a stiff stop-loss only if the stock of SBI rallies above ₹273 levels



₹2492 • TCS

S1

S2

R1

R2

COMMENT

2470

2450

2510

2530

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



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

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