Day trading guide

Day Trading Guide for September 13, 2019

| Updated on September 13, 2019 Published on September 13, 2019

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

₹2270 • HDFC Bank

S1

S2

R1

R2

COMMENT

2255

2240

2285

2300

Make use of intra-day declines to buy the stock while maintaining a tight stop-loss at ₹2,255 levels

 

₹816 • Infosys

S1

S2

R1

R2

COMMENT

810

804

822

830

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹822 levels

 

₹240 • ITC

S1

S2

R1

R2

COMMENT

237

234

243

246

The stock witnesses selling pressure at higher levels. Go short with a fixed stop-loss on a fall below ₹237 levels

 

₹125 • ONGC

S1

S2

R1

R2

COMMENT

123

119

128

131

Initiate fresh long positions with a stiff stop-loss only if the stock of ONGC moves beyond ₹128 levels

 

₹1210 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1195

1180

1125

1140

Fresh short positions can be initiated with a tight stop-loss only if the stock declines below ₹1,195 levels

 

₹286 • SBI

S1

S2

R1

R2

COMMENT

280

274

292

300

Consider initiating fresh long positions with a fixed stop-loss only if the stock of SBI rallies above ₹292 levels

 

₹2133 • TCS

S1

S2

R1

R2

COMMENT

2110

2090

2152

2175

Initiate fresh long positions with a stiff stop-loss only if the stock of TCS rebounds up from ₹2,110 levels

 

10996 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10950

10900

11050

11100

Consider initiating fresh short positions with a tight stop-loss only if the contract declines below 10,950 levels

 

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

Published on September 13, 2019
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