Day Trading Guide For December-12

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

₹1849 • HDFC Bank

S1

S2

R1

R2

COMMENT

1830

1815

1855

1875

Initiate fresh long positions with a stop-loss at ₹1,835 only if the stock breaks above ₹1,855



₹1003 • Infosys

S1

S2

R1

R2

COMMENT

995

980

1020

1035

Outlook is bullish. Go long and also accumulate on dips. Stop-loss can be placed at ₹985



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

268

270

Resistance ahead. Go long only if the stock breaks above ₹268. Keep the stop-loss at ₹266



₹179 • ONGC

S1

S2

R1

R2

COMMENT

177

175

180

183

Immediate outlook is not clear. Avoid trading this stock until a clear trade signal emerges.



₹916 • Reliance Ind.

S1

S2

R1

R2

COMMENT

895

880

920

935

Near-term outlook is negative. Initiate fresh short positions with a stop-loss at ₹930



₹318 • SBI

S1

S2

R1

R2

COMMENT

314

310

320

324

Initiate fresh long positions only if the stock breaks above ₹320. Keep the stop-loss at ₹318



₹2656 • TCS

S1

S2

R1

R2

COMMENT

2640

2615

2675

2700

Upmove gains momentum. Go long and also accumulate on dips with a stop-loss at ₹2635



10346 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10300

10280

10370

10400

Key resistance ahead. Go short with a stop-loss at 10,385 if the contract reverses lower from 10,370



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

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