Day trading guide

Day Trading Guide For August-22

Yoganand D BL Research Bureau | Updated on January 09, 2018

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



9768 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9720

9670

9820

9870

Fresh short positions can be initiated with a fixed stop-loss if the contract reverses down from 9820 levels



₹1744 • HDFC Bank

S1

S2

R1

R2

COMMENT

1735

1710

1758

1770

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹1758 levels



₹873 • Infosys

S1

S2

R1

R2

COMMENT

860

850

885

895

Near-term outlook is bearish for the stock. Make use of intra-day rallies to sell with a stiff stop-loss at ₹885 levels



₹282 • ITC

S1

S2

R1

R2

COMMENT

279

276

285

288

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹279 levels



₹157 • ONGC

S1

S2

R1

R2

COMMENT

155

152

160

163

Make use of intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹160 levels



₹1565 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1550

1530

1580

1597

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹1580 levels



₹274 • SBI

S1

S2

R1

R2

COMMENT

272

269

278

281

Consider initiating fresh short positions with a tight stop-loss only if the stock declines below ₹272 levels



₹2521 • TCS

S1

S2

R1

R2

COMMENT

2500

2480

2540

2560

Utilise intra-day declines to go long on the stock with a stiff stop-loss placed at ₹2500 levels



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

Published on August 21, 2017

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