Day trading guide

Day Trading Guide For September-05

| Updated on January 10, 2018 Published on September 04, 2017

9927 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9880

9830

9970

10010

Consider initiating fresh short positions with a tight stop-loss if the contract reverses down from 9970 levels



₹1752 • HDFC Bank

S1

S2

R1

R2

COMMENT

1738

1725

1765

1775

Initiate fresh short positions with a stiff stop-loss if the stock declines below ₹1738 levels



₹901 • Infosys

S1

S2

R1

R2

COMMENT

893

880

910

920

Near-term outlook is bearish for the stock of Infosys. Sell the stock in rallies with a fixed stop-loss



₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

285

288

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves beyond ₹285 levels



₹161 • ONGC

S1

S2

R1

R2

COMMENT

157

155

164

167

Consider initiating fresh long positions with a tight stop-loss only if the stock moves beyond ₹164 levels



₹1611 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1593

1570

1625

1640

Initiate fresh short positions with a stiff stop-loss only if the stock of RIL falls below ₹1593 levels



₹277 • SBI

S1

S2

R1

R2

COMMENT

273

270

279

282

Fresh long positions can be initiated with a fixed stop-loss only if the stock jumps beyond ₹279 levels



₹2457 • TCS

S1

S2

R1

R2

COMMENT

2440

2420

2480

2500

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹2480 levels



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

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Published on September 04, 2017
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