Day trading guide

Day Trading Guide For September 26

| Updated on January 10, 2018 Published on September 25, 2017

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

₹1799 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1765

1825

1840

Initiate fresh long positions with a stop-loss at ₹1,805 only if the stock breaks below ₹1,790



₹896 • Infosys

S1

S2

R1

R2

COMMENT

885

870

905

920

Resistance ahead. Go short if the stock reverses lower from ₹905. Keep the stop-loss at ₹912



₹262 • ITC

S1

S2

R1

R2

COMMENT

258

255

264

267

Outlook is bearish. Go short and also accumulate on rallies. Stop-loss can be placed at ₹265



₹164 • ONGC

S1

S2

R1

R2

COMMENT

163

161

166

168

Near-term outlook is positive. Go long and also accumulate on dips with a stop-loss at ₹162



₹820 • Reliance Ind.

S1

S2

R1

R2

COMMENT

800

765

835

860

Initiate fresh short positions only if the stock breaks below ₹800. Keep the stop-loss at ₹815



₹258 • SBI

S1

S2

R1

R2

COMMENT

250

240

265

270

Downtrend gains momentum. Go short and also accumulate on rallies with a stop-loss at ₹266



₹2508 • TCS

S1

S2

R1

R2

COMMENT

2445

2410

2550

2585

Immediate outlook is not clear. Avoid trading this stock until a clear trade signal emerges.



9878 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9840

9800

9910

9965

Wait for rallies and go short with a stop-loss at 9,935 if the index futures reverses lower from 9,910.



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

Published on September 25, 2017
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