Day trading guide

Day Trading Guide For June 15

| Updated on June 14, 2018 Published on June 14, 2018

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

 

₹2037 • HDFC Bank

S1

S2

R1

R2

COMMENT

2025

2015

2045

2057

Fresh short positions can be initiated with a stiff stop-loss only if the stock drops below ₹2025 levels

 

₹1238 • Infosys

S1

S2

R1

R2

COMMENT

1230

1220

1250

1260

Consider initiating fresh short positions with a fixed stop-loss if the stock of Infosys fails to move above ₹1250 levels

 

₹267 • ITC

S1

S2

R1

R2

COMMENT

265

262

270

273

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹270 levels

 

₹168 • ONGC

S1

S2

R1

R2

COMMENT

165

163

170

173

Initiate fresh short positions with a tight stop-loss if the stock of ONGC reverses down from ₹170 levels

 

₹1007 • Reliance Ind.

S1

S2

R1

R2

COMMENT

995

984

1017

1030

Fresh long positions can be initiated with a fixed stop-loss if the stock of RIL rebounds up from ₹995 levels

 

₹282 • SBI

S1

S2

R1

R2

COMMENT

276

271

287

293

Initiate fresh long positions with a tight stop-loss if the stock of SBI reverses higher from ₹276 levels

 

₹1792 • TCS

S1

S2

R1

R2

COMMENT

1770

1750

1810

1830

The stock retreated last session on profit booking. Go short with a fixed stop-loss on a decline below ₹1770 levels

 

10813 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10770

10720

10860

10910

Initiate fresh long positions with a tight stop-loss if the contract advances above 10860 levels

 

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

Published on June 14, 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.