Day trading guide

Day Trading Guide for December 13, 2019

| Updated on December 13, 2019

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

₹1263 • HDFC Bank

S1

S2

R1

R2

COMMENT

1250

1235

1275

1290

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1,250 levels

 

₹701 • Infosys

S1

S2

R1

R2

COMMENT

690

680

710

720

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹690 levels

 

₹238 • ITC

S1

S2

R1

R2

COMMENT

235

232

240

243

Consider initiating fresh long positions with a tight stop-loss only if the stock of ITC moves beyond ₹240 levels

 

₹125 • ONGC

S1

S2

R1

R2

COMMENT

123

120

128

131

Fresh long positions can be initiated with a fixed stop-loss only if the stock of ONGC advances above ₹128 levels

 

₹1567 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1555

1540

1580

1595

The stock continues to consolidate sideways in a narrow band. Desist trading in the stock for the session

 

₹321 • SBI

S1

S2

R1

R2

COMMENT

314

308

328

335

Only a strong rally above ₹328 will be a positive cue for initiating fresh long positions with a stiff stop-loss

 

₹2016 • TCS

S1

S2

R1

R2

COMMENT

1990

1970

2040

2060

Consider initiating fresh short positions with a fixed stop-loss if the stock of TCS fails to rally above ₹2040 levels

 

12028 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11980

11930

12080

12130

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 11,980 levels

 

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

Published on December 13, 2019

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