Day Trading Guide For December 14

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

₹2101 • HDFC Bank

S1

S2

R1

R2

COMMENT

2085

2070

2115

2130

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹2,085 levels

 

₹696 • Infosys

S1

S2

R1

R2

COMMENT

685

675

705

715

Near-term stance is bullish for the stock of Infosys. Buy in dips with a stop-loss at ₹685 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

269

278

281

Consider initiating fresh long positions only if the stock of ITC advances above ₹278 levels

 

₹143 • ONGC

S1

S2

R1

R2

COMMENT

140

137

145

148

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹145 levels

 

₹1106 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1095

1080

1125

1140

The stock tests a key resistance now. Go long with a stiff stop-loss if the stock climbs above ₹1,125 levels

 

₹288 • SBI

S1

S2

R1

R2

COMMENT

283

276

294

300

Fresh long positions can be initiated with a tight stop-loss if the stock of SBI rebounds up from ₹283 levels

 

₹1983 • TCS

S1

S2

R1

R2

COMMENT

1960

1940

2000

2020

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹2,000 levels

 

10824 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10775

10725

10875

10930

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10,775 levels

 

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

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