Day trading guide

Day Trading Guide for January 25

| Updated on January 24, 2019 Published on January 24, 2019

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

₹2101 • HDFC Bank

S1

S2

R1

R2

COMMENT

2090

2075

2115

2130

Consider initiating fresh long positions with a fixed stop-loss only if the stock advances above ₹2,115 levels

 

₹732 • Infosys

S1

S2

R1

R2

COMMENT

725

718

738

745

Initiate fresh long positions with a tight stop-loss if the stock of Infosys rebounds up from ₹725 levels

 

₹278 • ITC

S1

S2

R1

R2

COMMENT

275

272

281

284

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹281 levels

 

₹142 • ONGC

S1

S2

R1

R2

COMMENT

140

137

146

149

Fresh short position can be initiated with a stiff stop-loss only if the stock of ONGC falls below ₹140 levels

 

₹1245 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1225

1210

1255

1270

Initiate fresh long positions with a tight stop-loss if the stock of RIL reverses higher from ₹1,225 levels

 

₹287 • SBI

S1

S2

R1

R2

COMMENT

280

273

293

299

Fresh long positions are recommended with a stiff stop-loss only if the stock of SBI rallies above ₹293 levels

 

₹1901 • TCS

S1

S2

R1

R2

COMMENT

1880

1860

1920

1940

Consider initiating fresh long positions with a fixed stop-loss only if the stock climbs beyond ₹1,920 levels

 

10868 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10820

10770

10920

10970

Fresh long positions can be initiated with a tight stop-loss if the contract moves beyond 10,920 levels

 

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

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