Day trading guide

Day Trading Guide for August 28, 2019

| Updated on August 28, 2019 Published on August 28, 2019

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

₹2259 • HDFC Bank

S1

S2

R1

R2

COMMENT

2245

2230

2275

2290

Make use of intra-day declines to buy the stock while maintaining a fixed stop-loss at ₹2,245 levels

 

₹785 • Infosys

S1

S2

R1

R2

COMMENT

777

770

792

800

Initiate fresh short positions with a stiff stop-loss if the stock of Infosys reverses down from ₹792 levels

 

₹245 • ITC

S1

S2

R1

R2

COMMENT

242

239

248

251

Fresh long positions can be initiated with a fixed stop-loss if the stock rebounds up from ₹242 levels

 

₹125 • ONGC

S1

S2

R1

R2

COMMENT

122

119

129

132

Utilise intra-day dips to buy the stock of ONGC while retaining a tight stop-loss at ₹122 levels

 

₹1275 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1260

1245

1290

1305

Consider initiating fresh long positions with a tight stop-loss if the stock advances above ₹1,290 levels

 

₹285 • SBI

S1

S2

R1

R2

COMMENT

278

270

292

298

Initiate fresh short positions with a fixed stop-loss only if the stock of SBI falls below ₹278 levels

 

₹2237 • TCS

S1

S2

R1

R2

COMMENT

2220

2200

2260

2280

Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹2,260 levels

 

11103 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11100

11050

11150

11200

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 11,100 levels

 

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

Published on August 28, 2019
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