Day trading guide

Day Trading Guide For September 28

| Updated on September 27, 2018 Published on September 27, 2018

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

₹1977 • HDFC Bank

S1

S2

R1

R2

COMMENT

1965

1952

1990

2005

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹1,965 levels

 

₹724 • Infosys

S1

S2

R1

R2

COMMENT

718

710

730

740

Consider initiating fresh long positions with a tight stop-loss only if the stock if Infosys rallies above ₹730 levels

 

₹293 • ITC

S1

S2

R1

R2

COMMENT

290

287

296

299

The stock tests a key support at ₹290. Go short only if the stock declines below this level with a fixed stop-loss

 

₹176 • ONGC

S1

S2

R1

R2

COMMENT

173

170

179

182

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹179

 

₹1252 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1238

1225

1264

1279

Fresh long positions are recommended with a tight stop-loss only if the stock of RIL moves beyond ₹1,264 levels

 

₹265 • SBI

S1

S2

R1

R2

COMMENT

260

254

270

275

Take fresh long positions with a stiff stop-loss only if the stock of SBI advances above ₹270 levels

 

₹2187 • TCS

S1

S2

R1

R2

COMMENT

2170

2150

2200

2220

Initiate fresh long positions with a fixed stop-loss if the stock of TCS reverses higher from ₹2170 levels

 

10974 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10925

10873

11030

11080

Consider initiating fresh long positions with a tight stop-loss if the contract moves beyond 11,030 levels

 

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