Day trading guide

Day Trading Guide For June 26

| Updated on June 25, 2018 Published on June 25, 2018

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

₹2093 • HDFC Bank

S1

S2

R1

R2

COMMENT

2080

2070

2105

2115

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹2,080 levels

 

₹1272 • Infosys

S1

S2

R1

R2

COMMENT

1260

1250

1285

1295

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys rebounds up from ₹1,260 levels

 

₹262 • ITC

S1

S2

R1

R2

COMMENT

260

258

265

268

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC fails to move beyond ₹265 levels

 

₹156 • ONGC

S1

S2

R1

R2

COMMENT

154

151

160

163

Near-term outlook is bearish for the stock of ONGC. Sell in rallies while retaining a tight stop-loss at ₹160 levels

 

₹1003 • Reliance Ind.

S1

S2

R1

R2

COMMENT

990

975

1015

1025

Fresh short positions are recommended with a tight stop-loss only if the stock of RIL falls below ₹990 levels

 

₹268 • SBI

S1

S2

R1

R2

COMMENT

263

258

273

278

The near-term stance is bearish for the stock. Make use of rallies to sell the stock with a stop-loss at ₹273

 

₹1820 • TCS

S1

S2

R1

R2

COMMENT

1800

1780

1840

1860

Fresh long positions can be initiated with a stiff stop-loss only if the stock of TCS moves above ₹1,840 levels

 

10759 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10710

10660

10800

10850

Initiate fresh short positions with a tight stop-loss if the contract reverses down from 10,800 levels

 

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

Published on June 25, 2018
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