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Day Trading Guide

Written by aurum

Day Trading Guide for June 11, 2021

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Day trading is one of the most common trading strategies. Day traders are active in most financial markets such as stock markets, Forex, commodity markets, and of course cryptocurrency markets. Is day trading right for you? How do day traders make money? Should you do day trading?

The most important rules to consider when trading intraday are:

  • Never invest more than you can afford to lose.
  • Avoid any emotion in trading.
  • Never forget to take profits and have an exit target in mind before entering a position.
  • Make sure you have enough margin in your account to cover all positions.
  • Be realistic about your goals and don’t give up if you lose.
  • Always adhere to rigorous risk management strategies and continue to develop and hone your skills.

₹1481 • HDFC Bank

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S1S2R1R2COMMENT
1465145014941510Initiate fresh short positions with a tight stop-loss if the stock fails to move beyond ₹1,494 levels

₹1424 • Infosys

S1S2R1R2COMMENT
1412140014361450Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹1,412 levels

₹209 • ITC

S1S2R1R2COMMENT
207205211214Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹211 levels

₹123 • ONGC

S1S2R1R2COMMENT
121118126129Fresh short positions are recommended with a stiff stop-loss if the stock of ONGC declines below ₹121 levels

₹2182 • Reliance Ind.

S1S2R1R2COMMENT
2160214022022225Initiate fresh short positions with a fixed stop-loss only if the stock falls below ₹2,160 levels

₹432 • SBI

S1S2R1R2COMMENT
426420436442Fresh long positions can be initiated with a tight stop-loss if the stock of SBI climbs above ₹436 levels

₹3216 • TCS

S1S2R1R2COMMENT
3195317032353255Make use of intraday dips to buy the stock of TCS while maintaining a fixed stop-loss at ₹3,195 levels

15751 • Nifty 50 Futures

S1S2R1R2COMMENT
15700156401581015865Consider initiating fresh long positions with a tight stop-loss if the contract advances above 15,810 levels

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

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