Day trading guide

Day Trading Guide for September 26, 2019

| Updated on September 26, 2019

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

₹1239 • HDFC Bank

S1

S2

R1

R2

COMMENT

1225

1210

1255

1270

Consider initiating fresh short positions with a stiff stop-loss if the stock falls below ₹1,225 levels

 

₹792 • Infosys

S1

S2

R1

R2

COMMENT

782

770

802

811

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹802 levels

 

₹248 • ITC

S1

S2

R1

R2

COMMENT

245

242

252

256

Initiate fresh long positions with a tight stop-loss only if the stock of ITC moves beyond ₹252 levels

 

₹131 • ONGC

S1

S2

R1

R2

COMMENT

128

125

134

137

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to rally above ₹134 levels

 

₹1279 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1265

1250

1295

1319

Initiate fresh long positions with a tight stop-loss if the stock of RIL rebounds up from ₹1,265 levels

 

₹280 • SBI

S1

S2

R1

R2

COMMENT

274

267

287

294

Make use of intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹287 levels

 

₹2087 • TCS

S1

S2

R1

R2

COMMENT

2065

2044

2110

2130

Fresh long positions can be initiated with a fixed stop-loss if the stock of TCS reverses higher from ₹2065 levels

 

11469 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11420

11370

11520

11580

Initiate fresh short positions with a tight stop-loss if the contract declines below 11,420 levels

 

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

Published on September 26, 2019

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