Day Trading Guide For September 26

 

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

₹1951 • HDFC Bank

S1

S2

R1

R2

COMMENT

1935

1920

1962

1975

Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹1,962 levels

 

₹726 • Infosys

S1

S2

R1

R2

COMMENT

717

709

735

745

Initiate fresh long positions with a fixed stop-loss if the stock of Infosys reverses higher from ₹717 levels

 

₹301 • ITC

S1

S2

R1

R2

COMMENT

299

296

303

306

The stock witnesses buying interest at lower levels. Buy the stock of ITC in dips with a fixed stop-loss

 

₹182 • ONGC

S1

S2

R1

R2

COMMENT

179

176

185

189

Make use of intra-day dips to buy the stock of ONGC while maintaining a tight stop-loss at ₹179 levels

 

₹1230 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1215

1200

1244

1260

Initiate fresh long positions with a fixed stop-loss if the stock rebounds up from ₹1,215 levels

 

₹270 • SBI

S1

S2

R1

R2

COMMENT

265

260

276

282

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹276 levels

 

₹2183 • TCS

S1

S2

R1

R2

COMMENT

2160

2140

2200

2220

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹2,160 levels

 

11086 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11035

10985

11135

11185

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from ₹11,035 levels

 

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

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