Day trading guide

Day Trading Guide For August 16

| Updated on January 09, 2018 Published on August 15, 2017

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

9815 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9775

9725

9865

9910

Initiate fresh long positions with a tight stop-loss if the contract moves beyond 9865 levels



₹1757 • HDFC Bank

S1

S2

R1

R2

COMMENT

1747

1735

1775

1790

Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹1775 levels



₹979 • Infosys

S1

S2

R1

R2

COMMENT

970

960

990

1000

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹970 levels



₹271 • ITC

S1

S2

R1

R2

COMMENT

269

267

274

277

The stock continues to test a key support level. Go long only if the stock moves beyond ₹274 levels



₹161 • ONGC

S1

S2

R1

R2

COMMENT

158

155

164

167

Consider initiating fresh long positions with a tight stop-loss only if the stock climbs above ₹164 levels



₹1573 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1555

1530

1590

1605

Initiate fresh long positions with a stiff stop-loss if the stock of RIL rallies above ₹1590 levels



₹278 • SBI

S1

S2

R1

R2

COMMENT

275

272

282

285

Outlook is bearish for the stock of SBI. Make use of intra-day rallies to sell with a stop-loss at ₹282



₹2469 • TCS

S1

S2

R1

R2

COMMENT

2450

2430

2490

2510

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹2450 levels



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

Published on August 15, 2017

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