Day trading guide

Day Trading Guide for October 25, 2019

| Updated on October 24, 2019

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

₹1235 • HDFC Bank

S1

S2

R1

R2

COMMENT

1220

1205

1248

1260

Initiate fresh short positions with a stiff stop-loss only if the stock declines below ₹1,220 levels

 

₹635 • Infosys

S1

S2

R1

R2

COMMENT

625

615

645

657

Consider initiating fresh long positions with a tight stop-loss if the stock manages to move above ₹645 levels

 

₹248 • ITC

S1

S2

R1

R2

COMMENT

245

242

251

254

Fresh short positions can be initiated with a fixed stop-loss if the stock of ITC reverses down from ₹251 levels

 

₹141 • ONGC

S1

S2

R1

R2

COMMENT

138

135

145

148

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹145 levels

 

₹1436 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1420

1405

1450

1475

Near-term stance has turned bullish for the stock once again. Buy in declines with a tight stop-loss at ₹1,420 levels

 

₹262 • SBI

S1

S2

R1

R2

COMMENT

255

248

270

277

Fresh long positions are recommended with a stiff stop-loss only if the stock of SBI advances above ₹270 levels

 

₹2082 • TCS

S1

S2

R1

R2

COMMENT

2060

2040

2100

2125

Initiate fresh long positions with a fixed stop-loss if the stock of TCS reverses higher from ₹2060 levels

 

11611 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11550

11500

11660

11715

Consider initiating fresh long positions with a tight stop-loss only if the contract moves beyond 11,660 levels

 

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

Published on October 25, 2019

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