Day trading guide

Day Trading Guide For June 13

| Updated on June 12, 2018 Published on June 12, 2018

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

₹2044 • HDFC Bank

S1

S2

R1

R2

COMMENT

2035

2025

2057

2070

Fresh short positions are recommended with a stiff stop-loss only if the stock drops below ₹2035 levels

 

₹1258 • Infosys

S1

S2

R1

R2

COMMENT

1250

1240

1270

1280

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹1250 levels again

 

₹270 • ITC

S1

S2

R1

R2

COMMENT

267

265

272

275

Initiate fresh long positions with a fixed stop-loss if the stock of ITC rallies above ₹272 levels

 

₹171 • ONGC

S1

S2

R1

R2

COMMENT

168

165

173

176

Make use of intra-day rallies to sell the stock while maintaining a stop-loss higher at ₹176 levels

 

₹995 • Reliance Ind.

S1

S2

R1

R2

COMMENT

985

975

1005

1015

Near-term view is bullish for the stock of RIL. Buy in declines while retaining fixed stop-loss at ₹985 levels

 

₹282 • SBI

S1

S2

R1

R2

COMMENT

278

273

285

290

Outlook is bullish for the stock of SBI. Make use of dips to buy the stock with a stop-loss at ₹278 levels

 

₹1781 • TCS

S1

S2

R1

R2

COMMENT

1760

1740

1800

1820

Fresh long positions can be initiate with a fixed stop-loss if the stock reverses higher from ₹1760 levels

 

10839 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10795

10750

10880

10925

As long as the contract trades above 10,795 levels the near term stance remains bullish. Buy in declines

 

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

Published on June 12, 2018

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.