Day Trading Guide For December-11

₹2089 • HDFC Bank

S1

S2

R1

R2

COMMENT

2070

2050

2120

2140

Stuck in a narrow range. Go short with a stop-loss at ₹2,085 if the stock breaks below ₹2,070

₹668 • Infosys

S1

S2

R1

R2

COMMENT

663

658

675

690

Initiate fresh long positions only if Infosys breaks above ₹685. Stop-loss can be placed at ₹670

₹269 • ITC

S1

S2

R1

R2

COMMENT

267

263

273

276

Outlook is negative. Go short and also accumulate on rallies. Keep the stop-loss at ₹275

₹137 • ONGC

S1

S2

R1

R2

COMMENT

135

131

141

145

Downtrend is intact. Go short and also accumulate on rallies with a stop-loss at ₹143

₹1088 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1070

1050

1100

1115

Initiate fresh short positions and also accumulate on rallies. Keep the stop-loss at ₹1,105

₹273 • SBI

S1

S2

R1

R2

COMMENT

270

260

277

283

Hovers above a support. Go short with a stop-loss at ₹273 only if SBI breaks below ₹270

₹1974 • TCS

S1

S2

R1

R2

COMMENT

1950

1900

2020

2060

Upmove is losing momentum. Initiate fresh short positions with a stop-loss at ₹2,030

10514 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10445

10400

10525

10580

Outlook is bearish. Go short and also accumulate on rallies. Keep the stop-loss at 10,545

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

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