Day Trading Guide For December 28, 2018

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

₹2106 • HDFC Bank

S1

S2

R1

R2

COMMENT

2090

2075

2120

2135

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹2,120 levels

 

₹657 • Infosys

S1

S2

R1

R2

COMMENT

650

643

665

675

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹650 levels

 

₹279 • ITC

S1

S2

R1

R2

COMMENT

276

273

282

285

Make use of intra-day declines to buy the stock of ITC while maintaining a fixed stop-loss at ₹276 levels

 

₹149 • ONGC

S1

S2

R1

R2

COMMENT

146

143

153

156

Initiate fresh long positions with a stiff stop-loss if the stock of ONGC reverses higher from ₹146 levels

 

₹1120 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1105

1090

1130

1145

Near-term view is bullish for the stock of RIL. Buy in dips with a tight stop-loss at ₹1,105 levels

 

₹291 • SBI

S1

S2

R1

R2

COMMENT

285

280

296

302

Initiate fresh long positions with a stiff stop-loss if the stock of SBI advances above ₹296 levels

 

₹1909 • TCS

S1

S2

R1

R2

COMMENT

1890

1870

1930

1950

Consider initiating fresh long positions with a fixed stop-loss only if the stock of TCS moves above ₹1,930 levels

 

10783 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10735

10685

10834

10885

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10,735 levels

 

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

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