Day Trading Guide For December 26, 2018

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

₹2084 • HDFC Bank

S1

S2

R1

R2

COMMENT

2070

2055

2097

2110

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹2097 levels

 

₹649 • Infosys

S1

S2

R1

R2

COMMENT

640

630

658

670

Consider initiating fresh long positions with a stiff stop-loss if the stock of Infosys rallies above ₹658 levels

 

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

270

279

283

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹279 levels

 

₹148 • ONGC

S1

S2

R1

R2

COMMENT

145

142

151

154

Make use of intra-day dips to buy the stock of ONGC while maintaining a tight stop-loss at ₹145 levels

 

₹1090 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1080

1065

1103

1118

Initiate fresh long positions with a stiff stop-loss only if the stock of RIL moves beyond ₹1,103 levels

 

₹292 • SBI

S1

S2

R1

R2

COMMENT

287

282

299

305

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹299 levels

 

₹1915 • TCS

S1

S2

R1

R2

COMMENT

1900

1880

1940

1960

Initiate fresh long positions with a fixed stop-loss if the stock manages to climb beyond ₹1,940 levels

 

10681 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10630

10580

10735

10785

Consider initiating fresh long positions with a tight stop-loss if the contract moves above ₹10,735 levels

 

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

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