Day Trading Guide For December 7

 

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

₹2094 • HDFC Bank

S1

S2

R1

R2

COMMENT

2080

2065

2107

2120

Consider initiating fresh long positions with a stiff stop-loss if the stock advances above ₹2,107 levels

 

₹668 • Infosys

S1

S2

R1

R2

COMMENT

660

650

676

686

Fresh short positions are recommended with a tight stop-loss only if the stock of Infosys falls below ₹660 levels

 

₹272 • ITC

S1

S2

R1

R2

COMMENT

270

267

275

278

Make use of intra-day rallies to initiate fresh short positions with a fixed stop-loss at ₹275 levels

 

₹140 • ONGC

S1

S2

R1

R2

COMMENT

137

134

143

146

Fresh long positions are recommended with a stiff stop-loss only if the stock of ONGC rallies above ₹143 levels

 

₹1123 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1110

1095

1138

1153

Initiate fresh long positions with a tight stop-loss only if the stock of RIL moves beyond ₹1,138 levels

 

₹275 • SBI

S1

S2

R1

R2

COMMENT

270

265

280

285

Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹270 levels

 

₹1991 • TCS

S1

S2

R1

R2

COMMENT

1970

1950

2010

2030

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1,970 levels

 

10626 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10575

10525

10680

10730

Fresh long positions can be initiated with a tight stop-loss if the contract manages to reverse higher from 10,575 levels

 

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

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