Day Trading Guide For December-20

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

10470 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10420

10375

10500

10550

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10,500 levels



₹1885 • HDFC Bank

S1

S2

R1

R2

COMMENT

1875

1865

1895

1905

Fresh long positions can be initiated with a stiff stop-loss only if the stock of reverses higher from ₹1875 levels



₹1004 • Infosys

S1

S2

R1

R2

COMMENT

992

980

1015

1025

Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹1015 levels



₹264 • ITC

S1

S2

R1

R2

COMMENT

261

265

266

269

Consider initiating fresh long positions with a stiff stop-loss only if the stock climbs above ₹266 levels



₹185 • ONGC

S1

S2

R1

R2

COMMENT

182

179

188

191

Make use of intra-day declines to buy the stock of ONGC with a fixed stop-loss at ₹182 levels



₹924 • Reliance Ind.

S1

S2

R1

R2

COMMENT

915

905

933

940

Fresh long positions can be initiated with a stiff stop-loss if the stock of rebounds up from ₹915 levels



₹319 • SBI

S1

S2

R1

R2

COMMENT

324

310

323

328

Initiate fresh long positions with a tight stop-loss only if the stock of SBI rallies above ₹323 levels



₹2575 • TCS

S1

S2

R1

R2

COMMENT

2558

2540

2600

2620

Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹2600 levels



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

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