Day trading guide

Day Trading Guide For August-09

YOGANAND D | Updated on March 09, 2018 Published on August 08, 2017

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



9999 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9950

9900

10050

10091

Consider initiating fresh short positions with a tight stop-loss if the contract fails to move beyond 10050 levels



₹1780 • HDFC Bank

S1

S2

R1

R2

COMMENT

1766

1750

1795

1810

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹1795 levels



₹964 • Infosys

S1

S2

R1

R2

COMMENT

955

945

975

985

Initiate fresh short positions are recommended with a fixed stop-loss only if the stock declines below ₹955 levels



₹274 • ITC

S1

S2

R1

R2

COMMENT

271

267

278

281

Outlook is bearish for the stock of ITC. Sell the stock in rallies with a tight stop-loss at ₹278 levels



₹163 • ONGC

S1

S2

R1

R2

COMMENT

160

157

166

169

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹166 levels



₹1603 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1588

1570

1620

1635

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1620 levels



₹303 • SBI

S1

S2

R1

R2

COMMENT

300

297

306

309

Initiate fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹300 levels



₹2497 • TCS

S1

S2

R1

R2

COMMENT

2480

2460

2520

2540

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹2520 levels



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

Published on August 08, 2017
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