Day Trading Guide for January 11

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

₹2109 • HDFC Bank

S1

S2

R1

R2

COMMENT

2097

2085

2120

2133

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹2,097 levels

 

₹679 • Infosys

S1

S2

R1

R2

COMMENT

672

665

685

693

Initiate fresh long positions with a fixed stop-loss if the stock rebounds up from ₹665 levels

 

₹289 • ITC

S1

S2

R1

R2

COMMENT

287

284

293

296

Fresh long positions can be initiated with a fixed stop-loss if the stock of ITC reverses higher from ₹287 levels

 

₹143 • ONGC

S1

S2

R1

R2

COMMENT

140

137

146

149

Make use of intra-day rallies to sell the stock of ONGC while retaining a fixed stop-loss at ₹146 levels

 

₹1105 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1095

1080

1118

1130

Consider initiating fresh long positions with a stiff stop-loss only if the stock of RIL climbs above ₹1,118 levels

 

₹304 • SBI

S1

S2

R1

R2

COMMENT

299

294

310

316

Make use of intra-day dips to buy the stock of SBI while maintaining a tight stop-loss at ₹299 levels

 

₹1888 • TCS

S1

S2

R1

R2

COMMENT

1870

1850

1910

1930

Consider initiating fresh long positions with a tight stop-loss only if the stock of TCS rallies above ₹1,910 levels

 

10857 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10810

10760

10900

10950

Fresh long positions can be initiated with a fixed stop-loss only if the contract advances above 10,900 levels

 

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

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