Day trading guid

Day Trading Guide for October 9, 2020

| Updated on October 08, 2020 Published on October 09, 2020

₹1191 • HDFC Bank

S1

S2

R1

R2

COMMENT

1175

1160

1205

1220

Near-term stance is bullish for the stock. Make use of intra-day dips to buy it with a fixed stop-loss at ₹1,175

₹1094 • Infosys

S1

S2

R1

R2

COMMENT

1080

1065

1106

1120

Initiate fresh short positions with a tight stop-loss only if the stock of declines below ₹1,080 levels

₹167 • ITC

S1

S2

R1

R2

COMMENT

165

162

170

173

Make use of intra-day rallies to sell the stock of ITC while maintaining a fixed stop-loss at ₹170 levels

₹68 • ONGC

S1

S2

R1

R2

COMMENT

66

63

71

73

Consider initiating fresh short positions with a stiff stop-loss if the stock of ONGC falls below ₹66 levels

₹2238 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2220

2200

2260

2280

Fresh short positions can be initiated with a tight stop-loss if the stock of RIL reverses down from ₹2,260 levels

₹191 • SBI

S1

S2

R1

R2

COMMENT

185

178

197

203

Fresh long positions are recommended with a stiff stop-loss only if the stock of SBI moves beyond ₹197 levels

₹2824 • TCS

S1

S2

R1

R2

COMMENT

2800

2770

2850

2880

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹2,800 levels

11831 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11775

11720

11875

11925

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 11,875 levels

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 09, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.