Day trading guide

Day Trading Guide For June 22

| Updated on June 21, 2018 Published on June 21, 2018

 

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

₹2056 • HDFC Bank

S1

S2

R1

R2

COMMENT

2044

2033

2065

2075

Initiate fresh long positions with a stiff stop-loss only if the stock advances above ₹2,065 levels

 

₹1246 • Infosys

S1

S2

R1

R2

COMMENT

1235

1225

1255

1267

Fresh short positions can be initiated with a fixed stop-loss if the stock of Infosys declines below ₹1,235 levels

 

₹260 • ITC

S1

S2

R1

R2

COMMENT

258

255

263

265

Near-term stance is bearish for the stock of ITC. Sell the stock in rallies with a tight stop-loss at ₹263 levels

 

₹159 • ONGC

S1

S2

R1

R2

COMMENT

157

154

163

166

As long as the stock trades below the key resistance level of 163, near-term view is bearish. Sell in rallies

 

₹1032 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1020

1010

1040

1050

Fresh long positions can be initiated with a tight stop-loss only if the stock of RIL climbs above ₹1,040 levels

 

₹268 • SBI

S1

S2

R1

R2

COMMENT

263

258

273

278

Make use of intra-day rallies to initiate fresh short positions in the stock with a fixed stop-loss at ₹273 levels

 

₹1819 • TCS

S1

S2

R1

R2

COMMENT

1800

1780

1840

1860

Initiate fresh short positions with a tight stop-loss only if the stock declines below ₹1800 levels

 

10737 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10700

10650

10775

10820

Consider initiating fresh short positions with a tight stop-loss only if the contract falls below 10,700 levels

 

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

Published on June 21, 2018
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