Day Trading Guide For September-06

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



9971 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9925

9980

10010

10050

Fresh long positions can be initiated with a tight stop-loss if the contract moves beyond 10,010 levels



₹1756 • HDFC Bank

S1

S2

R1

R2

COMMENT

1745

1735

1765

1775

Consider initiating fresh long positions with a fixed stop-loss only if the stock advances above ₹1765 levels



₹901 • Infosys

S1

S2

R1

R2

COMMENT

893

880

910

920

The stock tests a key support. Fresh long positions are recommended with a stiff stop-loss only if it rallies beyond ₹910 levels



₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

285

288

Initiate fresh long positions with a tight stop-loss only if the stock of ITC moves beyond ₹285 levels



₹162 • ONGC

S1

S2

R1

R2

COMMENT

160

157

165

168

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹160 levels



₹1633 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1620

1605

1645

1660

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹1620 levels



₹277 • SBI

S1

S2

R1

R2

COMMENT

273

270

279

282

Fresh long positions are recommended with a tight stop-loss only if the stock climbs beyond ₹279 levels



₹2477 • TCS

S1

S2

R1

R2

COMMENT

2460

2440

2500

2520

Consider initiating fresh long positions with a stiff stop-loss if the stock of TCS rebounds up from ₹2460 levels



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

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