Day trading guide

Day Trading Guide for May 30, 2019

BL Research Bureau | Updated on May 29, 2019 Published on May 30, 2019

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

₹2415 • HDFC Bank

S1

S2

R1

R2

COMMENT

2400

2388

2430

2445

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹2,430 levels

₹727 • Infosys

S1

S2

R1

R2

COMMENT

710

712

733

740

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹710 levels

₹288 • ITC

S1

S2

R1

R2

COMMENT

286

283

291

294

Make use of intra-day rallies to go short on the stock of ITC while maintaining a stiff stop-loss at ₹291 levels

₹171 • ONGC

S1

S2

R1

R2

COMMENT

168

166

174

177

Initiate fresh short positions with a stiff stop-loss if the stock of ONGC fails to move beyond ₹174 levels

₹1313 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1300

1285

1327

1340

Fresh short positions are recommended with a tight stop-loss only if the stock of RIL declines below ₹1,300 levels

₹348 • SBI

S1

S2

R1

R2

COMMENT

343

335

355

360

Consider going short with a fixed stop-loss if the stock of SBI fails to rally above ₹355 levels

₹2105 • TCS

S1

S2

R1

R2

COMMENT

2085

2065

2125

2145

Make use of intra-day dips to initiate fresh long positions with a stiff stop-loss placed at ₹2,085 levels

11862 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11815

11765

11900

11950

Consider initiating fresh long positions with a tight stop-loss if the contract moves beyond 11,900 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 May 30, 2019
This article is closed for comments.
Please Email the Editor