Day trading guide

Day Trading Guide for May 15, 2019

| Updated on May 14, 2019 Published on May 15, 2019

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

₹2290 • HDFC Bank

S1

S2

R1

R2

COMMENT

2275

2260

2305

2320

The stock is trading range-bound. Go long on a strong rally above ₹2,305 levels with a fixed stop-loss

 

₹713 • Infosys

S1

S2

R1

R2

COMMENT

707

700

720

727

Fresh short positions can be initiated with a tight stop-loss if the stock fails to move beyond ₹720 levels

 

₹294 • ITC

S1

S2

R1

R2

COMMENT

291

288

296

299

Consider initiating fresh long positions with a stiff stop-loss only if the stock of ITC advances above ₹296 levels

 

₹163 • ONGC

S1

S2

R1

R2

COMMENT

161

158

167

170

Initiate fresh short positions with a tight stop-loss only if the stock of ONGC drops below ₹161 levels

 

₹1259 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1245

1230

1275

1290

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1,275 levels

 

₹313 • SBI

S1

S2

R1

R2

COMMENT

306

300

320

327

Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹306 levels

 

₹2094 • TCS

S1

S2

R1

R2

COMMENT

2075

2055

2115

2135

Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹2,115 levels

 

11241 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11200

11150

11285

11330

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 11,200 levels

 

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

Published on May 15, 2019

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