Day Trading Guide For January-19

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

10810 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10760

10710

10840

10899

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10760 levels



₹1931 • HDFC Bank

S1

S2

R1

R2

COMMENT

1920

1910

1940

1950

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1920 levels



₹1152 • Infosys

S1

S2

R1

R2

COMMENT

1140

1130

1160

1170

Fresh short positions can be initiated with a fixed stop-loss only if the stock declines below ₹1140 levels



₹272 • ITC

S1

S2

R1

R2

COMMENT

269

266

275

278

Witnessing buying interest, the stock of ITC climbed 2.6 per cent last session. Buy the stock in dips



₹194 • ONGC

S1

S2

R1

R2

COMMENT

192

190

197

200

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹197 levels



₹919 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

930

940

Initiate fresh short positions with a tight stop-loss only if the stock of RIL fails to rally above ₹930 levels



₹302 • SBI

S1

S2

R1

R2

COMMENT

298

293

308

313

Fresh long are recommended with a fixed stop-loss only if the stock advances above ₹308 levels



₹2910 • TCS

S1

S2

R1

R2

COMMENT

2890

2870

2930

2950

Utilise intra-day dips to buy the stock of TCS while retaining a stiff stop-loss at ₹2890 levels



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

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