Day trading guide

Day Trading Guide For December-26

Yoganand D BL Research Bureau | Updated on March 09, 2018 Published on December 25, 2017

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

10505 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10460

10410

10550

10600

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10460 levels



₹1877 • HDFC Bank

S1

S2

R1

R2

COMMENT

1870

1860

1890

1900

Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹1890 levels



₹1038 • Infosys

S1

S2

R1

R2

COMMENT

1030

1020

1050

1060

Near-term outlook is bullish for the stock of Infosys. Buy the stock in dips with a stiff stop-loss at ₹1030 levels



₹263 • ITC

S1

S2

R1

R2

COMMENT

261

265

266

269

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹266 levels



₹193 • ONGC

S1

S2

R1

R2

COMMENT

191

188

196

200

Make use of intra-day dips to buy the stock of ONGC while maintaining a tight stop-loss at ₹191 levels



₹918 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

926

934

Initiate fresh short positions with a stiff stop-loss only if the stock of RIL declines below ₹910 levels



₹319 • SBI

S1

S2

R1

R2

COMMENT

315

310

325

330

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹325 levels



₹2639 • TCS

S1

S2

R1

R2

COMMENT

2620

2600

2660

2680

Make use of intra-day declines to buy the stock while retaining a stiff stop-loss at ₹2620 levels



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

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