Day Trading Guide for December 21, 2018

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

₹2133 • HDFC Bank

S1

S2

R1

R2

COMMENT

2120

2105

2150

2165

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹2,120 levels

 

₹666 • Infosys

S1

S2

R1

R2

COMMENT

655

645

675

685

Fresh long positions are recommended with a tight stop-loss only if the stock of Infosys advances above ₹675 levels

 

₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

286

289

Make use of intra-day declines to buy the stock of ITC while retaining a fixed stop-loss at ₹280 levels

 

₹148 • ONGC

S1

S2

R1

R2

COMMENT

145

142

151

154

Initiate fresh long positions with a tight stop-loss if the stock of ONGC rebounds up from ₹145 levels

 

₹1127 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1112

1100

1140

1155

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1,140 levels

 

₹293 • SBI

S1

S2

R1

R2

COMMENT

289

284

299

305

Consider initiating fresh long positions with a stiff stop-loss if the stock moves beyond ₹299 levels

 

₹1956 • TCS

S1

S2

R1

R2

COMMENT

1940

1920

1980

2000

Initiate fresh short positions with a tight stop-loss only if the stock falls below ₹1,940 levels

 

10978 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10935

10885

11030

11080

Fresh long positions can be initiated with a fixed stop-loss if the contract advances above 11,030 levels

 

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

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