Day trading guide

Day Trading Guide for August 29

| Updated on March 09, 2018 Published on August 28, 2017

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

₹1762 • HDFC Bank

S1

S2

R1

R2

COMMENT

1750

1735

1780

1795

Wait for dips and go long with a stop-loss at ₹1,740 if the stock bounces from ₹1,750.



₹941 • Infosys

S1

S2

R1

R2

COMMENT

938

930

950

965

Initiate fresh short positions if the stock breaks below 938. Keep the stop-loss at ₹943



₹282 • ITC

S1

S2

R1

R2

COMMENT

279

277

285

290

Resistance ahead. Go long with a stop-loss at ₹282 only if the stock breaks above ₹285.



₹160 • ONGC

S1

S2

R1

R2

COMMENT

159

157

162

165

Immediate outlook is not clear. Avoid trading this stock until a clear trade signal emerges



₹1563 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1550

1525

1585

1600

Initiate fresh short positions only if the stock breaks below ₹1,550. Keep the stop-loss at ₹1,560



₹279 • SBI

S1

S2

R1

R2

COMMENT

278

275

282

285

Go long if the stock reverses higher from ₹278. Stop-loss can be placed at ₹276



₹2486 • TCS

S1

S2

R1

R2

COMMENT

2460

2440

2520

2545

Bouncing higher from the lower end of the range. Go long with a stop-loss at ₹2460



9917 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9890

9850

9940

9980

Wait for dips and go long with a stop-loss at 9,880 only if the contract bounces from 9,900.



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

Published on August 28, 2017
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