Day Trading Guide for October 31 bl-premium-article-image

Updated - March 09, 2018 at 12:40 PM.

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

₹1814 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1770

1825

1845

Resistance ahead. Go long with a stop-loss at ₹1,795 only if the stock breaks above ₹1,825

₹944 • Infosys

S1

S2

R1

R2

COMMENT

940

925

955

970

Initiate fresh long positions if the stock bounces from ₹940. Keep the stop-loss at ₹930

₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

267

271

Wait for dips and go long if the stock bounce from ₹263. Stop-loss can be placed at ₹261

₹187 • ONGC

S1

S2

R1

R2

COMMENT

185

180

190

195

Corrective fall looks likely. Go short on a break below ₹185 with a stop-loss at ₹187

₹940 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

900

955

975

Oultook is bullish. Go long and also accumulate on dips with a stop-loss at ₹925

₹312 • SBI

S1

S2

R1

R2

COMMENT

310

300

323

335

Initiate fresh short positions if SBI falls below ₹310. Stop-loss can be kept at ₹315

₹2613 • TCS

S1

S2

R1

R2

COMMENT

2570

2540

2640

2700

Upmove is gaining momentum. Go long and also accumulate on dips with a stop-loss at ₹2580

10393 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10380

10345

10405

10445

Initiate fresh long positions with a stop-loss at 10,385 only if the contract breaks above 10,405

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

Published on October 30, 2017 12:40