Day Trading Guide For September 29

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

9766 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9725

9690

9810

9850

The contract is in a corrective rally. Go long with a tight stop-loss on a strong rally above 9,810 levels



₹1794 • HDFC Bank

S1

S2

R1

R2

COMMENT

1782

1770

1805

1815

Consider initiating fresh long positions with a fixed stop-loss only if the stock advances above ₹1805 levels



₹895 • Infosys

S1

S2

R1

R2

COMMENT

888

880

906

915

Initiate fresh long positions with a fixed stop-loss only if the stock moves beyond ₹906 levels



₹261 • ITC

S1

S2

R1

R2

COMMENT

259

256

264

267

Fresh long positions are recommended with a tight stop-loss if the stock of ITC advances above ₹264 levels



₹172 • ONGC

S1

S2

R1

R2

COMMENT

169

166

174

177

Near-term outlook is bullish for the stock. Make use of intra-day declines to buy it while maintaining a stop-loss at ₹169



₹786 • Reliance Ind.

S1

S2

R1

R2

COMMENT

780

770

798

810

Fresh short positions can be initiated with a stiff stop-loss if the stock of RIL fails to move beyond ₹798 levels



₹252 • SBI

S1

S2

R1

R2

COMMENT

250

247

255

258

Make use of intra-day dips to buy the stock of SBI while maintaining a stiff stop-loss at ₹250 levels



₹2478 • TCS

S1

S2

R1

R2

COMMENT

2455

2440

2500

2520

Fresh short positions can be initiated with a stiff stop-loss if the stock falls below ₹2455 levels



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

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