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Day Trading Guide for December 22, 2022

December 22, 2022 - Updated 06:00 am IST

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks, such as Reliance Industries, Infosys, HDFC Bank, TCS, and SBI. Based on the trend, it also gives intraday trade recommendations with specific entry as well as stop-loss levels. The mentioned resistances and supports will be the exit levels. Do note that the recommendations are based on Technical Analysis and there is a risk of loss in trading.

By BL Research Bureau

₹1617 • HDFC Bank

S1	S2	R1	R2	COMMENT
1610	1590	1635	1650	Go short below 1610. Keep the stop-loss at 1620

₹1510 • INFOSYS

S1	S2	R1	R2	COMMENT
1500	1480	1520	1532	Go long on a break above 1520 with a stop-loss at 1515

₹335 • ITC

S1	S2	R1	R2	COMMENT
333	331	337	341	Go short now and at 336. Keep the stop-loss at 338

₹143 • ONGC

S1	S2	R1	R2	COMMENT
140	138	145	147	Bearish. Initiate fresh shorts with a stop-loss at 146

₹2584 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2560	2520	2600	2640	Initiate shorts now and at 2595 with a stop-loss at 2610

₹593 • SBI

S1	S2	R1	R2	COMMENT
590	586	600	605	Looks very volatile. Avoid trading this stock for now

₹3267 • TCS

S1	S2	R1	R2	COMMENT
3240	3200	3290	3320	Wait for dips. Go long at 3245. Keep the stop-loss at 3225

18278 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18200	18140	18400	18520	Go long on a bounce from 18200 with a stop-loss at 18170

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

COMMENT NOW

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