Day trading guide

Day Trading Guide for December 15, 2020

| Updated on December 14, 2020 Published on December 15, 2020

₹1369 • HDFC Bank

S1

S2

R1

R2

COMMENT

1358

1345

1385

1400

Make use of intraday rallies to sell the stock while maintaining a stiff stop-loss at ₹1,385 levels

₹1164 • Infosys

S1

S2

R1

R2

COMMENT

1153

1140

1175

1185

Consider initiating fresh long positions with a tight stop-loss if the stock of Infosys rallies above ₹1,175 levels

₹215 • ITC

S1

S2

R1

R2

COMMENT

213

210

218

221

Initiate fresh short positions with a stiff stop-loss if the stock of ITC reverses down from ₹218 levels

₹101 • ONGC

S1

S2

R1

R2

COMMENT

98

95

104

107

The stock is hovering in the overbought territory. Go short with a fixed stop-loss if it fails to rally above ₹104

₹1991 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1970

1950

2013

2033

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹1,970 levels

₹274 • SBI

S1

S2

R1

R2

COMMENT

269

264

280

285

Initiate fresh short positions with a fixed stop-loss only if the stock of SBI fails to move beyond ₹280 levels

₹2796 • TCS

S1

S2

R1

R2

COMMENT

2775

2750

2820

2840

Initiate fresh long positions with a stiff stop-loss if the stock of TCS advances above ₹2,820 levels

13571 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

13500

13440

13625

13675

Consider initiating fresh long positions with a tight stop-loss if the contract moves above 13,625 levels

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

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Published on December 15, 2020
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