Day Trading Guide for January 4, 2019

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

₹2112 • HDFC Bank

S1

S2

R1

R2

COMMENT

2100

2085

2125

2132

Consider initiating fresh short positions a stiff stop-loss only if the stock falls below ₹2100 levels

 

₹667 • Infosys

S1

S2

R1

R2

COMMENT

662

654

676

682

Initiate fresh long positions with a fixed stop-loss if the stock of Infosys rallies above ₹676 levels

 

₹278 • ITC

S1

S2

R1

R2

COMMENT

276

273

281

284

Initiate fresh short positions with a tight stop-loss if the stock of ITC fails to move beyond ₹281 levels

 

₹143 • ONGC

S1

S2

R1

R2

COMMENT

140

137

146

149

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹146 levels

 

₹1091 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1075

1060

1105

1120

Fresh short positions are recommended with a fixed stop-loss only if the stock declines below ₹1075 levels

 

₹291 • SBI

S1

S2

R1

R2

COMMENT

286

280

297

303

Make use of intra-day rallies to initiate short positions while maintaining a fixed stop-loss at ₹297 levels

 

₹1896 • TCS

S1

S2

R1

R2

COMMENT

1870

1850

1920

1940

Consider initiating fresh short positions a tight stop-loss only if the stock declines below ₹1,870 levels

 

10718 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10670

10620

10770

10825

Consider initiating fresh long positions with a fixed stop-loss only if the contract advances above 10,770 levels

 

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

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