Day Trading Guide For January-18

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

10791 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10750

10710

10830

10870

Consider initiating fresh long positions with a fixed stop-loss if the contract reverses higher from 10750 levels



₹1891 • HDFC Bank

S1

S2

R1

R2

COMMENT

1880

1870

1902

1915

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹1902 levels



₹1152 • Infosys

S1

S2

R1

R2

COMMENT

1140

1130

1160

1170

The stock tests a key resistance levels. Go long only if the stock climbs above ₹1160 levels



₹265 • ITC

S1

S2

R1

R2

COMMENT

264

261

268

271

Make use of intra-day dips to buy the stock of ITC while maintaining a fixed stop-loss at ₹264 levels



₹195 • ONGC

S1

S2

R1

R2

COMMENT

193

191

198

201

Initiate fresh short positions with a stiff stop-loss if the stock of ONGC reverses down from ₹198 levels



₹924 • Reliance Ind.

S1

S2

R1

R2

COMMENT

913

900

935

945

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹935 levels



₹306 • SBI

S1

S2

R1

R2

COMMENT

301

296

311

318

Last session, the stock surged 3 per cent on back of buying interest. Buy in dips with a fixed stop-loss



₹2889 • TCS

S1

S2

R1

R2

COMMENT

2870

2850

2910

2930

Initiate fresh short positions with a tight stop-loss only f the stock of TCS fails to move above ₹2910 levels



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

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