Day Trading Guide For December 22

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

10462 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10420

10375

10505

10550

Consider initiating fresh long positions with a tight stop-loss only if the contract rallies above 10,505 levels



₹1868 • HDFC Bank

S1

S2

R1

R2

COMMENT

1860

1850

1880

1890

Fresh short positions can be initiated with a stiff stop-loss if the stock declines below ₹1860 levels



₹1021 • Infosys

S1

S2

R1

R2

COMMENT

1012

1002

1030

1040

Make use of intra-day dips to buy the stock of Infosys while maintaining a fixed stop-loss at ₹1012 levels



₹263 • ITC

S1

S2

R1

R2

COMMENT

261

265

266

269

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹266 levels



₹188 • ONGC

S1

S2

R1

R2

COMMENT

185

182

191

194

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC reverses higher from ₹185 levels



₹913 • Reliance Ind.

S1

S2

R1

R2

COMMENT

905

895

922

930

Fresh short positions can be initiated with a tight stop-loss if the stock fails to move beyond ₹922 levels



₹316 • SBI

S1

S2

R1

R2

COMMENT

312

308

320

325

Consider initiating fresh long positions with a stiff stop-loss only if the stock of SBI rallies above ₹320 levels



₹2594 • TCS

S1

S2

R1

R2

COMMENT

2570

2550

2610

2630

Fresh long positions can be initiated with a fixed stop-loss if the stock breaches above ₹2610 levels



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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





Related

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
This article is closed for comments.
Please Email the Editor