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.

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