Day Trading Guide For January 30

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

₹1999 • HDFC Bank

S1

S2

R1

R2

COMMENT

1985

1970

2010

2020

As long as the stock trades above the key support at ₹1985, the near-term view is bullish. Buy in dips

 

₹1181 • Infosys

S1

S2

R1

R2

COMMENT

1166

1150

1192

1205

Consider initiating fresh long positions with a fixed stop-loss if the stock rebounds up from ₹1166 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

273

270

278

281

Fresh short positions can be initiated with a tight stop-loss only if the stock slumps below ₹273 levels

 

₹204 • ONGC

S1

S2

R1

R2

COMMENT

202

199

207

210

Initiate fresh short positions with a stiff stop-loss if the stock of ONGC fails to move beyond ₹207 levels

 

₹963 • Reliance Ind.

S1

S2

R1

R2

COMMENT

955

940

972

982

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹955 levels

 

₹311 • SBI

S1

S2

R1

R2

COMMENT

306

300

317

322

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹317 levels

 

₹3195 • TCS

S1

S2

R1

R2

COMMENT

3175

3150

3215

3235

Initiate fresh long positions with a tight stop-loss if the stock of TCS reverses higher from ₹3175 levels

 

11137 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11090

11040

11180

11220

Fresh long positions can be initiated with a tight stop-loss if the contract moves above 11180 levels

 

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

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