Day Trading Guide For December-06

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

10146 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10050

10200

10250

Consider initiating fresh short positions with a fixed stop-loss if the contract fails to move beyond 10,200 levels



₹1823 • HDFC Bank

S1

S2

R1

R2

COMMENT

1810

1800

1830

1840

Initiate fresh short positions with a stiff stop-loss if the stock declines below ₹1810 levels



₹984 • Infosys

S1

S2

R1

R2

COMMENT

974

965

995

1005

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹974 levels



₹254 • ITC

S1

S2

R1

R2

COMMENT

252

250

257

259

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹257 levels



₹178 • ONGC

S1

S2

R1

R2

COMMENT

175

173

181

183

Consider initiating fresh short positions with a stiff stop-loss if the stock reverses down from ₹181 levels



₹911 • Reliance Ind.

S1

S2

R1

R2

COMMENT

901

890

922

930

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹922 levels



₹319 • SBI

S1

S2

R1

R2

COMMENT

313

308

322

327

Initiate fresh long positions with a tight stop-loss only if the stock of SBI climbs above ₹322 levels



₹2633 • TCS

S1

S2

R1

R2

COMMENT

2620

2600

2650

2670

Go long while maintaining a fixed stop-loss only if the stock of TCS advances above ₹2650 levels



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

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