Day trading guide

Day Trading Guide For September 22

| Updated on March 09, 2018 Published on September 21, 2017

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

10138 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10050

10167

10200

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10167 levels



₹1840 • HDFC Bank

S1

S2

R1

R2

COMMENT

1830

1820

1850

1860

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1850 levels



₹909 • Infosys

S1

S2

R1

R2

COMMENT

900

890

920

930

Fresh long positions can be initiated with a fixed stop-loss only if the stock advances above ₹920 levels



₹269 • ITC

S1

S2

R1

R2

COMMENT

266

263

272

274

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC drops below ₹266 levels



₹166 • ONGC

S1

S2

R1

R2

COMMENT

164

162

168

171

Make use of declines to buy the stock of ONGC while maintaining a fixed stop-loss at ₹164 levels



₹841 • Reliance Ind.

S1

S2

R1

R2

COMMENT

830

820

850

860

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹850 levels



₹268 • SBI

S1

S2

R1

R2

COMMENT

266

264

271

274

Consider initiating fresh long positions with a tight stop-loss only if the stock rallies above ₹271 levels



₹2525 • TCS

S1

S2

R1

R2

COMMENT

2510

2490

2540

2560

Near-term outlook has turned bullish for the stock of TCS. Buy the stock in dips with a fixed stop-loss at ₹2510



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

Published on September 21, 2017
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