Day trading guide

Day Trading Guide For September 27

| Updated on March 09, 2018 Published on September 26, 2017

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

9866 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9825

9780

9905

9950

Consider initiating fresh long positions with a fixed stop-loss only if the contract moves beyond 9,905 levels



₹1791 • HDFC Bank

S1

S2

R1

R2

COMMENT

1780

1770

1801

1813

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹1801 levels



₹906 • Infosys

S1

S2

R1

R2

COMMENT

896

885

915

925

The stock witnesses buying interest at lower levels. Buy in dips with a fixed stop-loss at ₹896 levels



₹262 • ITC

S1

S2

R1

R2

COMMENT

260

257

265

268

Near-term outlook is bearish for the stock of ITC. Sell the stock in rallies while maintaining a stop-loss at ₹265 levels



₹171 • ONGC

S1

S2

R1

R2

COMMENT

169

166

174

177

The stock jumped 4 per cent on back of buying interest last session. Outlook is positive. Buy in declines



₹819 • Reliance Ind.

S1

S2

R1

R2

COMMENT

810

800

830

840

Fresh short positions recommended with a tight stop-loss only if the stock falls below ₹810 levels



₹257 • SBI

S1

S2

R1

R2

COMMENT

255

252

260

264

Initiate fresh long positions with a stiff stop-loss if the stock of SBI advances above ₹260 levels



₹2474 • TCS

S1

S2

R1

R2

COMMENT

2455

2430

2495

2520

Consider initiating fresh short positions with a tight stop-loss if the stock reverses down from ₹2495 levels



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

Published on September 26, 2017
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