Day Trading Guide For December 8

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

10202 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10150

10100

10250

10300

Consider initiating fresh long positions with a tight stop-loss only if the contract rebounds up from 10150 levels



₹1809 • HDFC Bank

S1

S2

R1

R2

COMMENT

1800

1790

1820

1829

Fresh short positions can be initiated with a stiff stop-loss only if the stock falls below ₹1800 levels



₹1000 • Infosys

S1

S2

R1

R2

COMMENT

990

980

1010

1020

Near-term outlook is bullish for the stock. Make use of dips to buy the stock with a stop-loss at ₹990 levels



₹253 • ITC

S1

S2

R1

R2

COMMENT

251

249

255

257

Initiate fresh short positions with a tight stop-loss if the stock of ITC reverses down from ₹255 levels



₹177 • ONGC

S1

S2

R1

R2

COMMENT

175

173

179

182

Consider initiating fresh short positions with a fixed stop-loss only if the stock slips below ₹175 levels



₹930 • Reliance Ind.

S1

S2

R1

R2

COMMENT

920

910

938

950

Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹920 levels



₹316 • SBI

S1

S2

R1

R2

COMMENT

312

308

322

327

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹322 levels



₹2616 • TCS

S1

S2

R1

R2

COMMENT

2600

2580

2640

2660

Initiate fresh short positions with a stiff stop-loss if the stock of fails to move beyond ₹2640 levels



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

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