Day trading guide

Day Trading Guide for September 20, 2019

| Updated on September 19, 2019 Published on September 20, 2019

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

₹1100 • HDFC Bank

S1

S2

R1

R2

COMMENT

1090

1080

1110

1122

Fresh short positions can be initiated with a tight stop-loss if the stock falls below ₹1,090 levels

 

₹821 • Infosys

S1

S2

R1

R2

COMMENT

815

807

828

835

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹828 levels

 

₹236 • ITC

S1

S2

R1

R2

COMMENT

233

230

239

242

Make use of intra-day rallies to go short while maintaining a stiff stop-loss at ₹239 levels

 

₹124 • ONGC

S1

S2

R1

R2

COMMENT

121

118

127

130

Consider initiating fresh short positions with fixed stop-loss if the stock of ONGC falls below ₹121 levels

 

₹1178 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1165

1150

1195

1210

The stock reached a key support last session. Sell on rallies while retaining a tight stop-loss at ₹1,195 levels

 

₹274 • SBI

S1

S2

R1

R2

COMMENT

269

262

280

285

Make use of intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹280 levels

 

₹2102 • TCS

S1

S2

R1

R2

COMMENT

2080

2060

2120

2140

The near-term stance is bearish for the stock of TCS. Go short if the stock fails to move beyond ₹2,120 levels

 

10711 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10660

10610

10760

10810

Initiate fresh short positions with a tight stop-loss if the contract reverses down from 10,760 levels

 

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

Published on September 20, 2019
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