Day trading guide

Day Trading Guide For January 12

| Updated on January 11, 2018 Published on January 11, 2018

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

10654 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10610

10560

10685

10725

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10,610 levels



₹1870 • HDFC Bank

S1

S2

R1

R2

COMMENT

1860

1850

1890

1900

Initiate fresh long positions with a stiff stop-loss only if the stock rallies above ₹1,890 levels



₹1075 • Infosys

S1

S2

R1

R2

COMMENT

1065

1055

1085

1100

Near-term outlook is bullish for the stock. Make use of intra-day declines to buy the stock with a fixed stop-loss



₹269 • ITC

S1

S2

R1

R2

COMMENT

267

264

272

275

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹272 levels



₹197 • ONGC

S1

S2

R1

R2

COMMENT

194

191

200

203

Initiate fresh long positions with a tight stop-loss only if the stock of ONGC reverses higher from ₹194 levels



₹937 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

946

955

Make use of intra-day dips to buy the stock of RIL while maintaining a fixed stop-loss at ₹930 levels



₹302 • SBI

S1

S2

R1

R2

COMMENT

295

290

306

310

Consider initiating fresh long positions with a tight stop-loss only if the stock of SBI advances above ₹306 levels



₹2788 • TCS

S1

S2

R1

R2

COMMENT

2770

2750

2810

2830

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹2770 levels



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

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