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:

10215 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10175

10125

10265

10310

Initiate fresh short positions with a tight stop-loss if the contract fails to move beyond 10265 levels



₹1821 • HDFC Bank

S1

S2

R1

R2

COMMENT

1810

1800

1830

1840

Fresh short positions can be initiated with a fixed stop-loss if the stock declines below ₹1810 levels



₹1003 • Infosys

S1

S2

R1

R2

COMMENT

990

980

1011

1020

Initiate fresh long positions with a stiff stop-loss if the stock of reverses higher from ₹990 levels



₹259 • ITC

S1

S2

R1

R2

COMMENT

257

254

262

264

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹257 levels



₹183 • ONGC

S1

S2

R1

R2

COMMENT

180

177

186

189

Make use of intra-day dips to buy the stock of ONGC while maintaining a tight stop-loss at ₹180 levels



₹914 • Reliance Ind.

S1

S2

R1

R2

COMMENT

905

895

925

934

Consider initiating fresh short positions with a fixed stop-loss if the stock of RIL reverses down from ₹925 levels



₹313 • SBI

S1

S2

R1

R2

COMMENT

310

305

318

322

Near-term view is negatively biased. Sell the stock in rallies with a tight stop-loss at ₹318 levels



₹2627 • TCS

S1

S2

R1

R2

COMMENT

2610

2590

2650

2675

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹2650 levels



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

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