Day trading guide

Day Trading Guide for September 27, 2019

| Updated on September 26, 2019 Published on September 27, 2019

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

₹1242 • HDFC Bank

S1

S2

R1

R2

COMMENT

1230

1215

1255

1270

Fresh short positions are recommended with a fixed stop-loss if the stock falls below ₹1,230 levels

 

₹782 • Infosys

S1

S2

R1

R2

COMMENT

770

760

792

800

Initiate fresh short positions with a tight stop-loss if the stock reverses down from ₹792 levels

 

₹250 • ITC

S1

S2

R1

R2

COMMENT

247

244

253

256

Fresh long positions can be initiated with a fixed stop-loss if the stock of ITC rebounds up from ₹247 levels

 

₹136 • ONGC

S1

S2

R1

R2

COMMENT

133

130

140

143

Make use of intra-day dips to buy the stock of ONGC while maintaining a stiff stop-loss at ₹133 levels

 

₹1296 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1980

1265

1310

1325

The stock tests a key resistance at current levels. Go long with a fixed stop-loss on a strong rally above ₹1,310

 

₹281 • SBI

S1

S2

R1

R2

COMMENT

275

267

289

298

Consider initiating fresh short positions with a tight stop-loss on a strong fall below ₹275 levels

 

₹2087 • TCS

S1

S2

R1

R2

COMMENT

2065

2044

2110

2130

Make use of intra-day declines to buy the stock of TCS while retaining a tight stop-loss at ₹2,065 levels

 

11569 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11520

11470

11620

11670

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from ₹11,520 levels

 

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

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Published on September 27, 2019
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