Day trading guide

Day Trading Guide For June 20

| Updated on June 19, 2018 Published on June 19, 2018

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

₹2025 • HDFC Bank

S1

S2

R1

R2

COMMENT

2015

2000

2040

2055

Consider initiating fresh short positions with a stiff stop-loss only if the stock drops below ₹2015 levels

 

₹1244 • Infosys

S1

S2

R1

R2

COMMENT

1234

1220

1255

1267

Make use of intra-day rallies to sell the stock of Infosys while maintaining a fixed stop-loss at ₹1255 levels

 

₹266 • ITC

S1

S2

R1

R2

COMMENT

264

261

269

272

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹264 levels

 

₹164 • ONGC

S1

S2

R1

R2

COMMENT

162

160

167

170

Initiate fresh long positions with fixed stop-loss if the stock of ONGC advances above ₹167 levels

 

₹995 • Reliance Ind.

S1

S2

R1

R2

COMMENT

985

975

1005

1015

Utilise intra-day rallies to sell the stock of RIL while maintaining a stiff stop-loss at ₹1005 levels

 

₹272 • SBI

S1

S2

R1

R2

COMMENT

267

262

276

280

Initiate fresh short positions with tight stop-loss if the stock fails to move beyond ₹276 levels

 

₹1825 • TCS

S1

S2

R1

R2

COMMENT

1810

1790

1845

1865

Fresh short positions are recommended with a stiff stop-loss if the stock declines below ₹1810 levels

 

10719 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10680

10630

10760

10810

Initiate fresh short positions with tight stop-loss if the contract reverses down from 10760 levels

 

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

Published on June 19, 2018
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