Day Trading Guide for January 9

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

₹2102 • HDFC Bank

S1

S2

R1

R2

COMMENT

2090

2075

2115

2128

Initiate fresh short positions with a tight stop-loss if the stock fails to move beyond ₹2,115 levels

 

₹669 • Infosys

S1

S2

R1

R2

COMMENT

660

650

677

685

Fresh long positions can be initiated with a stiff stop-loss if the stock of Infosys rebounds up from ₹660 levels

 

₹284 • ITC

S1

S2

R1

R2

COMMENT

280

278

286

289

Make use of intra-day dips to buy the stock of ITC while maintaining a tight stop-loss at ₹280 levels

 

₹147 • ONGC

S1

S2

R1

R2

COMMENT

145

142

149

152

As long as the stock trades above ₹145, the near-term stance will remain positive. Buy in dips

 

₹1103 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1090

1075

1118

1130

Consider initiating fresh long positions with a tight stop-loss only if the stock of RIL moves beyond ₹1,118 levels

 

₹305 • SBI

S1

S2

R1

R2

COMMENT

299

294

310

316

Make use of intra-day declines to buy the stock of SBI while retaining a fixed stop-loss at ₹299 levels

 

₹1893 • TCS

S1

S2

R1

R2

COMMENT

1880

1860

1915

1935

Initiate fresh long positions with a fixed stop-loss only if the stock of TCS advances above ₹1,915 levels

 

10844 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10800

10750

10885

10930

Make use of intra-day dips to buy the contract while maintaining a fixed stop-loss at 10,800 levels

 

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

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