Day Trading Guide For December 12

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

₹2060 • HDFC Bank

S1

S2

R1

R2

COMMENT

2045

2030

2075

2090

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹2,075 levels

 

₹674 • Infosys

S1

S2

R1

R2

COMMENT

667

660

680

690

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys reverses higher from ₹667 levels

 

₹274 • ITC

S1

S2

R1

R2

COMMENT

271

268

278

281

Consider initiating fresh long positions with a tight stop-loss if the stock of ITC rallies above ₹278

 

₹139 • ONGC

S1

S2

R1

R2

COMMENT

136

133

142

145

Make use of intra-day dips to buy the stock of ONGC while maintaining a stiff stop-loss at ₹136

 

₹1096 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1080

1060

1110

1125

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹1,080 levels

 

₹281 • SBI

S1

S2

R1

R2

COMMENT

276

270

286

291

Utilize intra-day declines to buy the stock of SBI while retaining a fixed stop-loss at ₹276

 

₹1998 • TCS

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

The stock tests a key resistance at current levels. Go long with a fixed stop-loss on a strong rally above ₹2020

 

10581 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10530

10480

10630

10680

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10,630

 

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

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