Day Trading Guide For December 15

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

10276 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10225

10175

10320

10360

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10225 levels



₹1837 • HDFC Bank

S1

S2

R1

R2

COMMENT

1830

1820

1850

1860

Initiate fresh long positions with a fixed stop-loss if the stock rebounds up from ₹1830 levels



₹1012 • Infosys

S1

S2

R1

R2

COMMENT

1002

990

1020

1030

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹1002 levels



₹263 • ITC

S1

S2

R1

R2

COMMENT

261

265

266

269

Consider initiating fresh long positions with a tight stop-loss if the stock of ITC advances above ₹266 levels



₹184 • ONGC

S1

S2

R1

R2

COMMENT

182

179

187

190

Fresh long positions can be initiated with a stiff stop-loss if the stock moves beyond ₹187 levels



₹920 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

929

937

Initiate fresh long positions with a tight stop-loss only if the stock of RIL gains above ₹929 levels



₹314 • SBI

S1

S2

R1

R2

COMMENT

310

305

318

322

The stock is volatile and range-bound in a narrow band. Desist trading in the stock for the session



₹2558 • TCS

S1

S2

R1

R2

COMMENT

2540

2520

2580

2600

Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹2540 levels



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

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