Day trading guide

Day Trading Guide for August 31

| Updated on January 09, 2018 Published on August 30, 2017

9882 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9840

9800

9920

9965

Consider initiating fresh long positions with a fixed stop-loss only if the contract moves beyond 9920 levels



₹1769 • HDFC Bank

S1

S2

R1

R2

COMMENT

1757

1745

1780

1790

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹1757 levels



₹926 • Infosys

S1

S2

R1

R2

COMMENT

915

905

935

945

Initiate fresh short positions with a stiff stop-loss if the stock declines below ₹915 levels



₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

285

288

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹285 levels



₹158 • ONGC

S1

S2

R1

R2

COMMENT

155

152

160

162

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹160 levels



₹1564 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1550

1530

1580

1600

Consider initiating fresh long positions with a stiff stop-loss only if the stock of RIL climbs beyond ₹1580 levels



₹276 • SBI

S1

S2

R1

R2

COMMENT

273

270

279

282

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹279 levels



₹2486 • TCS

S1

S2

R1

R2

COMMENT

2460

2440

2500

2520

Initiate fresh long positions with a tight stop-loss if the stock of TCS advances above ₹2500 levels



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

Published on August 30, 2017
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