Day trading guide

Day Trading Guide For August 3

| Updated on March 09, 2018 Published on August 02, 2017

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

10101 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10050

10000

10150

10180

Consider initiating fresh short positions with a tight stop-loss if the contract drops below 10050 levels



₹1794 • HDFC Bank

S1

S2

R1

R2

COMMENT

1785

1775

1810

1820

Consider initiating fresh short positions with a stiff stop-loss only if the stock declines below ₹1785 levels



₹992 • Infosys

S1

S2

R1

R2

COMMENT

980

970

1000

1012

Fresh short positions are recommended with a stiff stop-loss if the stock of falls below ₹980 levels



₹285 • ITC

S1

S2

R1

R2

COMMENT

282

279

288

291

Near-term outlook is negatively biased. Sell the stock in rallies while maintaining a fixed stop-loss at ₹288 levels



₹165 • ONGC

S1

S2

R1

R2

COMMENT

163

160

167

170

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹167 levels



₹1629 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1615

1600

1645

1660

Initiate fresh long positions with a tight stop-loss if the stock advances above ₹1645 levels



₹307 • SBI

S1

S2

R1

R2

COMMENT

305

302

311

315

Consider initiating fresh long positions with a fixed stop-loss if the stock rallies above ₹311 levels



₹2467 • TCS

S1

S2

R1

R2

COMMENT

2450

2430

2490

2510

Make use of intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹2490 levels



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

Published on August 02, 2017
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