Day Trading Guide For December 27, 2018

 

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

₹2120 • HDFC Bank

S1

S2

R1

R2

COMMENT

2105

2090

2130

2145

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹2105 levels

 

₹644 • Infosys

S1

S2

R1

R2

COMMENT

637

630

650

660

Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹637 levels

 

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

270

279

283

The stock faces key resistances ahead. Go long with a stiff stop-loss only if the stock advances above ₹279 levels

 

₹146 • ONGC

S1

S2

R1

R2

COMMENT

143

140

150

153

Fresh long positions can be initiated with a tight stop-loss if the stock of ONGC rebounds up from ₹143 levels

 

₹1096 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1080

1065

1110

1125

The stock witnesses buying interest at lower levels. Buy in declines while maintaining a stop-loss at ₹1,080 levels

 

₹293 • SBI

S1

S2

R1

R2

COMMENT

287

282

299

305

Consider initiating fresh long positions with a tight stop-loss if the stock of SBI bounces back from ₹287 levels

 

₹1889 • TCS

S1

S2

R1

R2

COMMENT

1870

1850

1910

1930

Near-term outlook is bearish for the stock. Selling rallies while retaining a stiff stop-loss at ₹1,910 levels

 

10748 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10700

10650

10800

10850

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,700 levels

 

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

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