Day Trading Guide For September 6

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

₹2044 • HDFC Bank

S1

S2

R1

R2

COMMENT

2035

2020

2058

2070

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹2,058 levels

 

₹729 • Infosys

S1

S2

R1

R2

COMMENT

722

715

737

748

Initiate fresh long positions with a stiff stop-loss if the stock rallies above ₹737 levels

 

₹310 • ITC

S1

S2

R1

R2

COMMENT

307

304

313

316

Consider initiating fresh short positions with a fixed stop-loss if the stock of ITC reverses down from ₹313 levels

 

₹173 • ONGC

S1

S2

R1

R2

COMMENT

171

168

177

180

Fresh short positions can be initiated with a tight stop-loss if the stock declines below ₹171 levels

 

₹1225 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1210

1200

1237

1252

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL advances above ₹1237 levels

 

₹296 • SBI

S1

S2

R1

R2

COMMENT

291

284

302

308

Fresh long positions can be initiated with a fixed stop-loss only if the stock exceeds beyond ₹302 levels

 

₹2078 • TCS

S1

S2

R1

R2

COMMENT

2060

2040

2100

2120

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹2,100 levels

 

11518 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11470

11420

11560

11610

Initiate fresh long positions with a tight stop-loss if the contract moves above 11,560 levels

 

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

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