Day trading guide

Day Trading Guide For August 2

| Updated on January 09, 2018 Published on August 01, 2017

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

10138 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10050

10180

10215

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10100 levels



₹1795 • HDFC Bank

S1

S2

R1

R2

COMMENT

1785

1775

1810

1820

Fresh short positions can be initiated with a fixed stop-loss only if the stock slips below ₹1785 levels



₹1005 • Infosys

S1

S2

R1

R2

COMMENT

995

985

1015

1025

Make use of intra-day dips buy the stock with a tight stop-loss placed at ₹995 levels



₹287 • ITC

S1

S2

R1

R2

COMMENT

285

282

290

293

Fresh short positions are recommended with a stiff stop-loss only if the stock of ITC declines below ₹285 levels



₹167 • ONGC

S1

S2

R1

R2

COMMENT

165

162

170

173

Initiate fresh long positions with a tight stop-loss only if the stock advances above ₹170 levels



₹1603 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1585

1565

1618

1630

Consider initiating fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹1618 levels



₹308 • SBI

S1

S2

R1

R2

COMMENT

305

302

312

315

Near-term view is bullish for the stock. Buy in dips while maintaining a fixed stop-loss at ₹305 levels



₹2499 • TCS

S1

S2

R1

R2

COMMENT

2480

2460

2525

2545

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹2480 levels



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

Published on August 01, 2017
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