Day trading guide for December 13

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

10264 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10220

10175

10310

10355

Fresh short positions can be initiated with a tight stop-loss only if the contract declines below 10220 levels



₹1824 • HDFC Bank

S1

S2

R1

R2

COMMENT

1815

1805

1835

1846

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1835 levels



₹1011 • Infosys

S1

S2

R1

R2

COMMENT

1000

990

1020

1030

Make use of intra-day dips to buy the stock of Infosys while maintaining a fixed stop-loss at ₹1000 levels



₹261 • ITC

S1

S2

R1

R2

COMMENT

259

257

264

267

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹264 levels



₹182 • ONGC

S1

S2

R1

R2

COMMENT

179

177

185

188

Initiate fresh long positions with a tight stop-loss if the stock of ONGC rebounds up from ₹179 levels



₹915 • Reliance Ind.

S1

S2

R1

R2

COMMENT

905

895

925

934

Fresh short positions can be initiated with a fixed stop-loss if the stock declines below ₹905 levels



₹318 • SBI

S1

S2

R1

R2

COMMENT

314

310

322

327

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹322 levels



₹2614 • TCS

S1

S2

R1

R2

COMMENT

2600

2580

2640

2660

Fresh short positions are recommended with a stiff stop-loss only if the stock of TCS falls below ₹2600 levels



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

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