Day Trading Guide For Dec 6

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

₹2099 • HDFC Bank

S1

S2

R1

R2

COMMENT

2088

2076

2114

2130

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹2088 levels

 

₹681 • Infosys

S1

S2

R1

R2

COMMENT

674

665

690

700

Make use of intra-day declines to buy the stock while maintaining a fixed stop-loss at ₹674 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

273

270

278

281

Near-term stance is bearish for the stock of ITC. Sell in rallies while retaining a stiff stop-loss at ₹278 levels

 

₹143 • ONGC

S1

S2

R1

R2

COMMENT

141

138

146

149

Initiate fresh long positions with a tight stop-loss if the stock of ONFC advances above ₹146 levels

 

₹1154 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1140

1125

1165

1180

Consider initiating fresh long positions with a fixed stop-loss if the stock moves beyond ₹1,165 levels

 

₹280 • SBI

S1

S2

R1

R2

COMMENT

276

271

285

290

Fresh long positions are recommended with a stiff stop-loss only if the stock of SBI climbs above ₹285 levels

 

₹2006 • TCS

S1

S2

R1

R2

COMMENT

1985

1965

2025

2045

Consider taking long positions with a fixed stop-loss if the stock of TCS rebounds up from ₹1,985 levels

 

10827 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10780

10730

10875

10925

Initiate fresh long positions with a tight stop-loss only if the contract advances above 10,875 levels

 

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

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