Day Trading Guide For December 19

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

10404 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10360

10310

10450

10500

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10360 levels



₹1877 • HDFC Bank

S1

S2

R1

R2

COMMENT

1870

1860

1890

1900

Consider initiating fresh long positions with a fixed stop-loss if the stock advances above ₹1890 levels



₹1015 • Infosys

S1

S2

R1

R2

COMMENT

1005

992

1025

1035

The stock experiences selling pressure at higher levels and due for a corrective decline. Sell in rallies



₹263 • ITC

S1

S2

R1

R2

COMMENT

261

265

266

269

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹266 levels



₹182 • ONGC

S1

S2

R1

R2

COMMENT

180

177

185

188

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹180 levels



₹919 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

929

937

Make use of intra-day declines to buy the stock of RIL while maintaining a stiff stop-loss at ₹910 levels



₹318 • SBI

S1

S2

R1

R2

COMMENT

324

310

323

328

Fresh long positions can be initiated with a tight stop-loss only if the stock of SBI climbs above ₹323 levels



₹2577 • TCS

S1

S2

R1

R2

COMMENT

2558

2540

2600

2620

Make use of intra-day dips to buy the stock of with a fixed stop-loss at ₹2558 levels



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

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