Day Trading Guide For December 21

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

10470 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10420

10375

10505

10550

Fresh long positions can be initiated with a tight stop-loss only if the contract climbs above 10,505 levels



₹1868 • HDFC Bank

S1

S2

R1

R2

COMMENT

1860

1850

1880

1890

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1880 levels



₹1013 • Infosys

S1

S2

R1

R2

COMMENT

1004

992

1020

1030

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1020 levels



₹263 • ITC

S1

S2

R1

R2

COMMENT

261

265

266

269

The stock moving sideways in a narrow range. Desist trading in the stock for the session



₹187 • ONGC

S1

S2

R1

R2

COMMENT

185

182

191

194

Near-term view is bullish for the stock of ONGC. Buy the stock in declines with a stop-loss at ₹185 levels



₹918 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

928

936

Consider initiating fresh short positions with a tight stop-loss if the stock of RIL fails to move beyond ₹928 levels



₹317 • SBI

S1

S2

R1

R2

COMMENT

324

310

323

328

Fresh long positions are recommended with a tight stop-loss only if the stock of SBI moves beyond ₹323 levels



₹2588 • TCS

S1

S2

R1

R2

COMMENT

2570

2550

2610

2630

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹2570 levels



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

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