Day trading guide

Day Trading Guide for September 6, 2019

| Updated on September 06, 2019 Published on September 06, 2019

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

₹2234 • HDFC Bank

S1

S2

R1

R2

COMMENT

2220

2205

2250

2265

The stock tests a key barrier at current levels. Go long with a stiff stop-loss on a strong rally above ₹2,250 levels

 

₹834 • Infosys

S1

S2

R1

R2

COMMENT

827

821

838

842

Near-term outlook is bullish for the stock. Make use of intra-day dips to buy it with a stop-loss ₹827 levels

 

₹244 • ITC

S1

S2

R1

R2

COMMENT

241

238

247

250

Initiate fresh long positions with a tight stop-loss if the stock of ITC reverses higher from ₹241 levels

 

₹125 • ONGC

S1

S2

R1

R2

COMMENT

122

119

128

131

The stock experiences buying interest at lower levels. Buy in declines with a fixed stop-loss at ₹122 levels

 

₹1198 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1185

1170

1215

1230

Consider initiating fresh short positions with a tight stop-loss only if the stock falls below ₹1,185 levels

 

₹273 • SBI

S1

S2

R1

R2

COMMENT

268

262

280

287

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI rebounds up from ₹268 levels

 

₹2215 • TCS

S1

S2

R1

R2

COMMENT

2195

2175

2235

2255

Initiate fresh short positions with a stiff stop-loss if the stock of TCS falls below ₹2,195 levels

 

10881 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10830

10780

10925

10975

Fresh long positions are recommended with a tight stop-loss only if the contract moves above 10,925 levels

 

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

Published on September 06, 2019
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