Day Trading Guide for January 3, 2019

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

₹2126 • HDFC Bank

S1

S2

R1

R2

COMMENT

2112

2100

2132

2145

Initiate fresh long positions with a fixed stop-loss only if the stock moves beyond ₹2,132 levels

 

₹669 • Infosys

S1

S2

R1

R2

COMMENT

662

654

676

682

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹662 levels

 

₹280 • ITC

S1

S2

R1

R2

COMMENT

277

274

283

286

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves above ₹283 levels

 

₹147 • ONGC

S1

S2

R1

R2

COMMENT

143

140

150

153

Make use of intra-day declines to buy the stock of ONGC while maintaining a fixed stop-loss at ₹143

 

₹1106 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1090

1075

1120

1135

Consider initiating fresh long positions with a fixed stop-loss only if the stock of RIL rallies above ₹1,120 levels

 

₹293 • SBI

S1

S2

R1

R2

COMMENT

286

280

300

307

Fresh short positions can be initiated with a stiff stop-loss if the stock of SBI fails to move beyond ₹300 levels

 

₹1923 • TCS

S1

S2

R1

R2

COMMENT

1900

1880

1940

1960

Make use of intra-day dips to buy the stock of TCS while retaining a stiff stop-loss at ₹1,900 levels

 

10960 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10910

10850

11000

11050

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 10,910 levels

 

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

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