Day trading guide

Day Trading Guide for October 1, 2019

| Updated on September 30, 2019 Published on October 01, 2019

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

₹1227 • HDFC Bank

S1

S2

R1

R2

COMMENT

1216

1200

1240

1253

Initiate fresh short positions with a stiff stop-loss only if the stock falls below ₹1,216 levels

 

₹805 • Infosys

S1

S2

R1

R2

COMMENT

794

782

815

825

Fresh long positions can be initiated with a fixed stop-loss if the stock of Infosys reverses higher from ₹794 levels

 

₹259 • ITC

S1

S2

R1

R2

COMMENT

256

253

262

265

Near-term stance is bullish for the stock of ITC. Buy in declines while maintaining a stiff stop-loss at ₹256 levels

 

₹131 • ONGC

S1

S2

R1

R2

COMMENT

128

125

134

138

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹128 levels

 

₹1332 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1318

1305

1345

1360

Make use of intra-day declines to buy the stock of RIL while retaining a fixed stop-loss at ₹1,318 levels

 

₹270 • SBI

S1

S2

R1

R2

COMMENT

265

258

276

282

Fresh short positions can be initiated with a stiff stop-loss if the stock of SBI reverses down from ₹276 levels

 

₹2099 • TCS

S1

S2

R1

R2

COMMENT

2080

2060

2120

2140

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

 

11534 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11480

11430

11580

11630

Initiate fresh short positions with a tight stop-loss only if the contract declines below 11,480 levels

 

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

Published on October 01, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.