Day Trading Guide for December 19, 2018

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

₹2136 • HDFC Bank

S1

S2

R1

R2

COMMENT

2120

2105

2150

2165

Make use of intra-day dips to buy the stock while retaining a stiff stop-loss at ₹2,120 levels

 

₹676 • Infosys

S1

S2

R1

R2

COMMENT

670

660

685

695

Near term outlook is bearish for the stock of Infosys. Sell in rallies with a fixed stop-loss at ₹685 levels

 

₹278 • ITC

S1

S2

R1

R2

COMMENT

276

274

280

283

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves beyond ₹280 levels

 

₹147 • ONGC

S1

S2

R1

R2

COMMENT

145

142

151

154

Initiate fresh long positions with a stiff stop-loss if the stock of ONGC reverses higher from ₹145 levels

 

₹1136 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1122

1105

1150

1165

Fresh long positions can be initiated with a fixed stop-loss if the stock rebounds up from ₹1,122 levels

 

₹292 • SBI

S1

S2

R1

R2

COMMENT

287

283

298

303

Utilise intra-day declines to buy the stock of SBI with a stiff stop-loss at ₹287 levels

 

₹1987 • TCS

S1

S2

R1

R2

COMMENT

1970

1950

2010

2030

Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹1,970 levels

 

10935 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10885

10835

10980

11030

Initiate fresh long positions with a stiff stop-loss if the contract rebounds up from 10,885 levels

 

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

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