Day Trading Guide For January-05



10526 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10475

10425

10568

10610

Consider initiating fresh long positions with a tight stop-loss only if the contract rallies above 10,568 levels



₹1857 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1866

1876

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹1850 levels



₹1015 • Infosys

S1

S2

R1

R2

COMMENT

1009

1000

1023

1033

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹1009 levels



₹260 • ITC

S1

S2

R1

R2

COMMENT

258

255

263

265

Utilise intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹263 levels



₹199 • ONGC

S1

S2

R1

R2

COMMENT

196

193

202

205

Negating the bearish indication, the stock of ONGC gained 3 per cent last session. Go long above ₹202



₹920 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

930

939

The stock has been range-bound over last one month. Go short with a fixed stop-loss only on a decline below ₹910



₹308 • SBI

S1

S2

R1

R2

COMMENT

303

298

312

328

Fresh long positions can be initiated with a stiff stop-loss only if the stock of SBI moves beyond ₹312 levels



₹2649 • TCS

S1

S2

R1

R2

COMMENT

2630

2610

2675

2695

Initiate fresh short positions with a fixed stop-loss only if the stock of TCS fails to advance above ₹2675 levels



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

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