Day trading guide

Day Trading Guide For January-18

| Updated on January 17, 2019 Published on January 17, 2019

₹2129 • HDFC Bank

S1

S2

R1

R2

COMMENT

2117

2105

2145

2160

Initiate fresh long positions with a fixed stop-loss if the stock rebounds up from ₹2,117 levels

₹733 • Infosys

S1

S2

R1

R2

COMMENT

725

717

740

750

Fresh long positions can be initiated with a tight stop-loss only if the stock reverses higher from ₹725 levels

₹293 • ITC

S1

S2

R1

R2

COMMENT

291

288

297

300

Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC advances above ₹297 levels

₹145 • ONGC

S1

S2

R1

R2

COMMENT

143

140

147

150

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹147 levels

₹1133 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1120

1105

1145

1160

As long as the stock trades above ₹1,120, the near-term view is positive for the stock. Buy in declines

₹297 • SBI

S1

S2

R1

R2

COMMENT

292

285

303

310

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹303 levels

₹1895 • TCS

S1

S2

R1

R2

COMMENT

1875

1850

1910

1930

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

10925 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10870

10820

10970

11020

Initiate fresh long positions with a tight stop-loss only if the contract bounces up from 10,870 levels

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

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