Day trading guide

Day Trading Guide For January 9

| Updated on March 09, 2018 Published on January 08, 2018

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

10631 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10600

10565

10665

10700

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 10,600 levels



₹1859 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1870

1880

The stock witnesses selling pressure at higher levels. Go short if the stock reverses down from ₹1870 levels



₹1035 • Infosys

S1

S2

R1

R2

COMMENT

1025

1015

1044

1055

Near-term outlook is positively biased. Buy the stock of Infosys in declines with fixed stop-loss at ₹1025 levels



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

267

270

Fresh long positions can be initiated with a stiff stop-loss only if the stock of ITC advances above ₹267 levels



₹197 • ONGC

S1

S2

R1

R2

COMMENT

195

193

200

203

Initiate fresh long positions with a tight stop-loss if the stock of ONGC rebounds up from ₹195 levels



₹928 • Reliance Ind.

S1

S2

R1

R2

COMMENT

920

910

939

950

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹920 levels



₹305 • SBI

S1

S2

R1

R2

COMMENT

302

298

310

315

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹310 levels



₹2707 • TCS

S1

S2

R1

R2

COMMENT

2680

2660

2725

2745

Consider initiating fresh long positions with a tight stop-loss if the stock reverses higher from ₹2680 levels



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

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