Day Trading Guide For December-01

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

10231 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10175

10125

10270

10320

Fresh short positions can be initiated with a fixed stop-loss if the contract fails to move beyond 10270 levels



₹1852 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1866

1875

Initiate fresh short position with a stiff stop-loss if the stock reverses down from ₹1866 levels



₹975 • Infosys

S1

S2

R1

R2

COMMENT

965

955

985

995

Make use of intra-day rallies to initiate fresh short while maintaining a fixed stop-loss at ₹985 levels



₹255 • ITC

S1

S2

R1

R2

COMMENT

253

251

258

260

Fresh short positions can be initiated with a fixed stop-loss if the stock declines below ₹253 levels



₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

182

184

Fresh long positions are recommended with a tight stop-loss only if the stock ₹182 levels



₹922 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

932

940

Use intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹933 levels



₹320 • SBI

S1

S2

R1

R2

COMMENT

315

310

324

328

Initiate fresh short position with a tight stop-loss if the stock of SBI reverses down from ₹324 levels



₹2634 • TCS

S1

S2

R1

R2

COMMENT

2620

2600

2650

2670

Near-term outlook is bearish for the stock. Sell the stock in rallies with a stiff stop-loss at ₹2650 levels



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

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