Day trading guide

Day Trading Guide for June 21

| Updated on January 12, 2018 Published on June 20, 2017

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



9674 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9625

9585

9705

9744

consider initiating fresh long positions with a tight stop-loss if the contract rebounds up from 9625 levels



₹1687 • HDFC Bank

S1

S2

R1

R2

COMMENT

1680

1670

1700

1715

Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹1680 levels



₹943 • Infosys

S1

S2

R1

R2

COMMENT

935

925

950

960

Initiate fresh long positions with a tight stop-loss only if the stock moves beyond ₹950 levels



₹308 • ITC

S1

S2

R1

R2

COMMENT

306

303

311

314

Consider initiating fresh short positions with a stiff stop-loss if the stock of ITC reverses down from ₹311 levels



₹168 • ONGC

S1

S2

R1

R2

COMMENT

166

164

172

175

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹166 levels



₹1412 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1395

1380

1425

1438

Fresh short positions are recommended with a fixed stop-loss only if the stock declines below ₹1395 levels



₹290 • SBI

S1

S2

R1

R2

COMMENT

287

284

293

296

Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹287 levels



₹2441 • TCS

S1

S2

R1

R2

COMMENT

2420

2400

2460

2480

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹2460 levels



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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on June 20, 2017
This article is closed for comments.
Please Email the Editor