Day Trading Guide For January-25

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

₹1959 • HDFC Bank

S1

S2

R1

R2

COMMENT

1950

1940

1970

1980

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹1970 levels



₹1185 • Infosys

S1

S2

R1

R2

COMMENT

1175

1160

1197

1210

Initiate fresh short position with a stiff stop-loss only if the stock of Infosys declines below ₹1175 levels



₹281 • ITC

S1

S2

R1

R2

COMMENT

279

276

283

285

Near-term outlook is bullish for the stock of ITC. Buy in declines with a fixed stop-loss at ₹279 levels



₹210 • ONGC

S1

S2

R1

R2

COMMENT

207

204

213

216

The near-term uptrend is gaining momentum in the stock of ONGC. Make use of dips to buy the stock



₹964 • Reliance Ind.

S1

S2

R1

R2

COMMENT

955

940

972

982

Fresh short positions can be initiated with a tight stop-loss only if the stock declines below ₹955 levels



₹329 • SBI

S1

S2

R1

R2

COMMENT

322

318

333

338

Outlook is bullish for the stock of SBI. Utilise intra-day dips to buy the stock with a fixed stop-loss at ₹322 levels



₹3174 • TCS

S1

S2

R1

R2

COMMENT

3150

3120

3195

3220

As long as the stock trades above the key support at ₹3150, the near-term view stays positive. Buy in dips



11083 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11025

10970

11120

11170

The contract hovers at overbought territory. Tread with caution and buy in dips with a fixed stop-loss at 11,025 levels



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

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