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:

₹2085 • HDFC Bank

S1

S2

R1

R2

COMMENT

2070

2055

2100

2115

Make use of intra-day declines to buy the stock while maintaining a fixed stop-loss at ₹2,070

 

₹678 • Infosys

S1

S2

R1

R2

COMMENT

670

660

690

700

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹670 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

269

278

281

Initiate fresh long positions with fixed stop-loss only if the stock of ITC climbs above ₹278 levels

 

₹141 • ONGC

S1

S2

R1

R2

COMMENT

139

136

145

148

Utilize intra-day declines to buy the stock of ONGC while retaining a tight stop-loss at ₹139

 

₹1110 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1095

1080

1125

1140

Initiate fresh long positions with tight stop-loss if the stock of RIL rebounds up from ₹1,095 levels

 

₹285 • SBI

S1

S2

R1

R2

COMMENT

280

276

291

297

The stock witnesses buying interest at lower levels. Buy in declines with a stiff stop-loss at ₹280

 

₹2018 • TCS

S1

S2

R1

R2

COMMENT

2000

1980

2040

2060

Near-term view is positive for the stock of TCS. Make use of dips to take long positions with a stop-loss at ₹2000

 

10783 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10730

10680

10830

10880

Make use of intra-day declines to buy the contract while maintaining a fixed stop-loss at ₹10,730 levels

 

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

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