Day Trading Guide For September 5

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

₹2052 • HDFC Bank

S1

S2

R1

R2

COMMENT

2040

2025

2065

2080

Initiate fresh short positions with a stiff stop-loss if the stock of HDFC Bank slips below ₹2,040 levels

 

₹735 • Infosys

S1

S2

R1

R2

COMMENT

726

718

742

750

The stock of Infosys is witnessing buying interest. Buy in dips with a fixed stop-loss at ₹726, adjusted for bonus

 

₹309 • ITC

S1

S2

R1

R2

COMMENT

307

304

313

316

Make use of intra-day rallies to sell the stock of ITC while maintaining a tight stop-loss at ₹313 levels

 

₹174 • ONGC

S1

S2

R1

R2

COMMENT

171

168

177

180

Initiate fresh short positions with a fixed stop-loss if the stock of ONGC fails to move beyond ₹177 levels

 

₹1242 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1230

1210

1255

1270

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹1,230 levels

 

₹296 • SBI

S1

S2

R1

R2

COMMENT

290

284

302

308

Near-term stance is bearish for the stock of SBI. Sell in rallies while maintaining a stop-loss at ₹302 levels

 

₹2093 • TCS

S1

S2

R1

R2

COMMENT

2075

2055

2110

2130

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹2,075 levels

 

11573 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11520

11470

11620

11670

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 11,620 levels

 

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

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