Day Trading Guide For January 3

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

10472 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10425

10375

10520

10568

Consider initiating fresh short positions with a tight stop-loss if the contract declines below 10,425 levels



₹1872 • HDFC Bank

S1

S2

R1

R2

COMMENT

1860

1850

1880

1890

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1,880 levels



₹1029 • Infosys

S1

S2

R1

R2

COMMENT

1020

1010

1038

1046

Initiate fresh short positions with a stiff stop-loss if the stock of Infosys fails to move beyond ₹1,038 levels



₹260 • ITC

S1

S2

R1

R2

COMMENT

258

255

262

264

Near-term outlook is bearish for the stock of ITC. Sell the stock in rallies with a stiff stop-loss at ₹262 levels



₹196 • ONGC

S1

S2

R1

R2

COMMENT

194

191

200

203

Make use of intra-day dips to initiate fresh long positions while maintaining a stiff stop-loss at ₹194 levels



₹911 • Reliance Ind.

S1

S2

R1

R2

COMMENT

900

890

920

930

Initiate fresh short positions with a fixed stop-loss only if the stock of RIL declines below ₹900 levels



₹302 • SBI

S1

S2

R1

R2

COMMENT

298

293

307

312

Fresh short positions are recommended with a stiff stop-loss only if the stock drops below ₹298 levels



₹2633 • TCS

S1

S2

R1

R2

COMMENT

2610

2590

2655

2675

The stock witnesses selling pressure at higher levels. Go short in rallies with a fixed stop-loss at ₹2655 levels



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

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