Day trading guide

Day Trading Guide for June 18, 2019

| Updated on June 17, 2019 Published on June 18, 2019

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

₹2421 • HDFC Bank

S1

S2

R1

R2

COMMENT

2405

2390

2435

2448

Make use of intra-day rallies to sell the stock while maintaining a fixed stop-loss at ₹2,435 levels

 

₹740 • Infosys

S1

S2

R1

R2

COMMENT

735

728

746

752

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹746 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

273

270

278

281

Initiate fresh short positions with a stiff stop-loss if the stock of ITC reverses down from ₹278 levels

 

₹164 • ONGC

S1

S2

R1

R2

COMMENT

162

159

167

170

Utilise intra-day rallies to initiate fresh short positions while retaining a stiff stop-loss at ₹167 levels

 

₹1281 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1265

1250

1295

1310

Consider initiating fresh short positions with a tight stop-loss if the stock of RIL fails to move beyond ₹1,295 levels

 

₹337 • SBI

S1

S2

R1

R2

COMMENT

331

324

343

350

Initiate fresh short positions with a stiff stop-loss if the stock of SBI falls below ₹331 levels

 

₹2245 • TCS

S1

S2

R1

R2

COMMENT

2225

2200

2265

2285

Make use of intra-day dips to buy the stock of TCS while maintaining a fixed stop-loss at ₹2,225 levels

 

11697 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11650

11600

11750

11800

Fresh long positions are recommended with a tight stop-loss only if the contract advances above 11,750 levels

 

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

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Published on June 18, 2019
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