Day trading guide

Day Trading Guide for August 6, 2019

| Updated on August 06, 2019 Published on August 06, 2019

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

₹2179 • HDFC Bank

S1

S2

R1

R2

COMMENT

2166

2150

2195

2210

Consider initiating fresh long positions with a fixed stop-loss if the stock rallies above ₹2,195 levels

 

₹776 • Infosys

S1

S2

R1

R2

COMMENT

769

762

784

791

Initiate fresh long positions with a tight stop-loss if the stock of Infosys moves beyond ₹784 levels

 

₹259 • ITC

S1

S2

R1

R2

COMMENT

256

253

262

265

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to rally above ₹262 levels

 

₹131 • ONGC

S1

S2

R1

R2

COMMENT

128

125

134

137

Initiate fresh long positions with a stiff stop-loss only if the stock of ONGC rebounds up from ₹128 levels

 

₹1143 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1130

1115

1160

1175

Fresh long positions are recommended with a fixed stop-loss only if the stock of RIL advances above ₹1,160 levels

 

₹300 • SBI

S1

S2

R1

R2

COMMENT

292

285

307

316

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹292 levels

 

₹2248 • TCS

S1

S2

R1

R2

COMMENT

2230

2210

2270

2290

Near-term outlook is bullish for the stock. Make use of intra-day dips to buy it with a stiff stop-loss at ₹2,230 levels

 

10896 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10850

10800

10950

11005

Initiate fresh long positions with a tight stop-loss only if the contract moves beyond 10,950 levels

 

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

Published on August 06, 2019
This article is closed for comments.
Please Email the Editor