Day trading guide

Day Trading Guide for January 30, 2019

| Updated on January 30, 2019 Published on January 29, 2019

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

₹2058 • HDFC Bank

S1

S2

R1

R2

COMMENT

2045

2030

2075

2090

Near-term stance is bearish for the stock. Make use of intra-day rallies to go short with a stop-loss at ₹2,075 levels

 

₹727 • Infosys

S1

S2

R1

R2

COMMENT

720

710

735

745

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹735 levels

 

₹278 • ITC

S1

S2

R1

R2

COMMENT

275

273

281

284

Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC rallies above ₹281 levels

 

₹141 • ONGC

S1

S2

R1

R2

COMMENT

139

136

144

147

A strong rally above ₹144 will be a positive cue for initiating fresh long positions with a fixed stop-loss

 

₹1210 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1200

1180

1225

1240

Initiate fresh short positions with a tight stop-loss only if the stock of RIL declines below ₹1,200 levels

 

₹280 • SBI

S1

S2

R1

R2

COMMENT

275

269

286

293

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹275 levels

 

₹1983 • TCS

S1

S2

R1

R2

COMMENT

1960

1940

2000

2020

Make use of intra-day dips to buy the stock of TCS while maintaining a stiff stop-loss at ₹1,960 levels

 

10668 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10625

10575

10725

10775

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10,725 levels

 

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

Published on January 29, 2019

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