Day Trading Guide For September 27

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

₹1967 • HDFC Bank

S1

S2

R1

R2

COMMENT

1952

1940

1980

1995

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1,952 levels

 

₹717 • Infosys

S1

S2

R1

R2

COMMENT

709

700

726

735

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹726 levels

 

₹293 • ITC

S1

S2

R1

R2

COMMENT

290

287

296

299

Consider initiating fresh short positions with a fixed stop-loss only if the stock of ITC falls below ₹290 levels

 

₹180 • ONGC

S1

S2

R1

R2

COMMENT

177

174

183

186

The stock witness selling pressure at higher levels. Sell in rallies while maintaining a fixed stop-loss at ₹183

 

₹1251 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1238

1225

1260

1275

Make use of intra-day dips to buy the stock of RIL while retaining a stiff stop-loss at ₹1,238 levels

 

₹264 • SBI

S1

S2

R1

R2

COMMENT

260

254

269

275

Fresh short positions can be initiated with a tight stop-loss only if the stock of SBI falls below ₹260 levels

 

₹2141 • TCS

S1

S2

R1

R2

COMMENT

2120

2100

2160

2180

Make use of intra-day rallies to initiate fresh short positions with a fixed stop-loss at ₹2,160 levels

 

11063 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11010

10960

11115

11166

Fresh long positions can be initiated with a tight stop-loss if the contract advances above 11,115 levels

 

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

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