Day Trading Guide For December 5

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

10159 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10110

10060

10200

10250

Fresh short positions can be initiated with a tight stop-loss only if the contract declines below 10,110 levels



₹1837 • HDFC Bank

S1

S2

R1

R2

COMMENT

1830

1840

1850

1860

Make use of intra-day rallies to initiate fresh short with a stiff stop-loss at ₹1,850 levels



₹985 • Infosys

S1

S2

R1

R2

COMMENT

974

965

995

1005

Initiate fresh long position with a tight stop-loss if the stock rebounds up from ₹974 levels



₹255 • ITC

S1

S2

R1

R2

COMMENT

253

251

258

260

Consider initiating fresh short positions with a stiff stop-loss if the stock of ITC declines below ₹253 levels



₹181 • ONGC

S1

S2

R1

R2

COMMENT

178

175

183

185

Initiate fresh long position with a fixed stop-loss if the stock of ONGC climbs above ₹183 levels



₹901 • Reliance Ind.

S1

S2

R1

R2

COMMENT

890

880

910

922

Near-term outlook is bearish for the stock. Sell the stock in rallies with a tight stop-loss at ₹910 levels



₹313 • SBI

S1

S2

R1

R2

COMMENT

309

304

317

322

Fresh short positions can be initiated with a fixed stop-loss if the stock of SBI fails to move beyond ₹317 levels



₹2633 • TCS

S1

S2

R1

R2

COMMENT

2620

2600

2650

2670

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹2650 levels



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

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