Day Trading Guide For October 27 bl-premium-article-image

Updated - March 09, 2018 at 12:38 PM.

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

10344 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10300

10250

10390

10430

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10300 levels

₹1798 • HDFC Bank

S1

S2

R1

R2

COMMENT

1784

1770

1810

1820

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹1810 levels

₹947 • Infosys

S1

S2

R1

R2

COMMENT

940

930

955

965

Near-term view is bullish for the stock. Buy in declines while maintaining a tight stop-loss at ₹940 levels

₹268 • ITC

S1

S2

R1

R2

COMMENT

267

264

271

273

The stock of ITC is range-bound. Desist trading in the stock for the session

₹177 • ONGC

S1

S2

R1

R2

COMMENT

174

172

179

182

Consider initiating fresh short positions with a tight stop-loss if the stock reverses down from ₹179 levels

₹947 • Reliance Ind.

S1

S2

R1

R2

COMMENT

940

930

957

965

Fresh long positions can be initiated with a fixed stop-loss if the stock of RIL advances above ₹957 levels

₹320 • SBI

S1

S2

R1

R2

COMMENT

315

305

326

335

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹326 levels

₹2543 • TCS

S1

S2

R1

R2

COMMENT

2520

2500

2560

2580

Initiate fresh short positions with a tight stop-loss if the stock fails to move beyond ₹2560 levels

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

Published on October 26, 2017 14:03