Day trading guide

Day Trading Guide for December 22, 2020

| Updated on December 21, 2020 Published on December 22, 2020

₹1372 • HDFC Bank

S1

S2

R1

R2

COMMENT

1360

1335

1390

1415

Sell with tight stop-loss only if the stock slips below ₹1,360 as it stays above a support level despite fall

₹1177 • Infosys

S1

S2

R1

R2

COMMENT

1150

1138

1192

1210

Since the stock continues to trade above a key support, buy on dips with stop-loss at ₹1,140

₹203 • ITC

S1

S2

R1

R2

COMMENT

200

196

208

212

The fall looks sharp; but ₹200 is a strong base. So, sell the stock with tight stop-loss below ₹200

₹90 • ONGC

S1

S2

R1

R2

COMMENT

87

85

93

96

Fresh short positions are recommended with tight stop-loss if the stock desicively falls below ₹89

₹1939 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1900

1840

2000

2060

Can initiate fresh long positions with fixed stop-loss if the stock rebounds off the support at ₹1900

₹254 • SBI

S1

S2

R1

R2

COMMENT

250

245

260

266

Initiate fresh short positions with a fixed stop-loss if the stock of SBI reverse upwards from ₹250

₹2820 • TCS

S1

S2

R1

R2

COMMENT

2760

2735

2840

2895

Fresh long positions can be initiated with a stiff stop-loss if the stock rallies above ₹2,840

13329 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

13300

13250

13400

13440

Consider initiating fresh short positions with a fixed stop-loss if the contract falls back below 13,300

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on December 22, 2020
This article is closed for comments.
Please Email the Editor