Day trading guide

Day Trading Guide For August-18

Yoganand D | Updated on January 09, 2018 Published on August 17, 2017

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

9909 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9855

9805

9950

10000

Consider initiating fresh long positions with a tight stop-loss only if the contract moves beyond 9950 levels



₹1767 • HDFC Bank

S1

S2

R1

R2

COMMENT

1750

1735

1780

1795

Initiate fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹1780 levels



₹1021 • Infosys

S1

S2

R1

R2

COMMENT

1010

1000

1030

1040

The stock jumped 4.5 per cent with good volume last session. Near-term outlook is positive, buy in dips



₹279 • ITC

S1

S2

R1

R2

COMMENT

276

273

282

285

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹276 levels



₹160 • ONGC

S1

S2

R1

R2

COMMENT

158

155

163

167

Consider initiating fresh long positions with a tight stop-loss only if the stock moves beyond ₹163 levels



₹1566 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1550

1530

1580

1597

The stock is choppy with negative bias. Go short with a fixed stop-loss if the stock reverses down from ₹1580 levels



₹280 • SBI

S1

S2

R1

R2

COMMENT

278

275

283

286

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹278 levels



₹2480 • TCS

S1

S2

R1

R2

COMMENT

2460

2440

2500

2520

Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹2500 levels



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

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Published on August 17, 2017
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