Day trading guide

Day Trading Guide For December 04, 2019

| Updated on December 03, 2019 Published on December 04, 2019

₹1255 • HDFC Bank

S1

S2

R1

R2

COMMENT

1240

1225

1268

1280

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1,268 levels

₹698 • Infosys

S1

S2

R1

R2

COMMENT

689

680

710

720

The stock is range-bound with a positive bias. Go long with a fixed stop-loss if it rebounds up from ₹689 levels

₹244 • ITC

S1

S2

R1

R2

COMMENT

241

238

247

250

Make use of intra-day rallies to initiate fresh short positions while retaining a stiff stop-loss at ₹247 levels

₹127 • ONGC

S1

S2

R1

R2

COMMENT

125

122

130

133

Fresh short positions can be initiated with a tight stop-loss if the stock of ONGC falls below ₹125 levels

₹1578 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1560

1545

1590

1605

Consider initiating fresh short positions with a fixed stop-loss only if the stock of RIL declines below ₹1,560 levels

₹336 • SBI

S1

S2

R1

R2

COMMENT

330

324

344

351

Initiate fresh short positions with a fixed stop-loss if the stock of SBI fails to move beyond ₹344 levels

₹2050 • TCS

S1

S2

R1

R2

COMMENT

2030

2010

2070

2090

Make use of intra-day dips to buy the stock of TCS while maintaining a stop-loss at ₹2,030 levels

12051 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12000

11950

12100

12145

Consider initiating fresh short positions with a tight stop-loss only if the contract declines below 12,000 levels

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

Published on December 04, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.