Day trading guide

Day Trading Guide For December 24, 2020

| Updated on December 23, 2020 Published on December 24, 2020

₹1375 • HDFC Bank

S1

S2

R1

R2

COMMENT

1360

1345

1390

1405

Consider initiating fresh long positions with a stiff stop-loss only if the stock climbs above ₹1,390 levels

₹1252 • Infosys

S1

S2

R1

R2

COMMENT

1240

1224

1262

1275

Near-term outlook is bullish for the stock of Infosys. Buy in declines with a fixed stop-loss at ₹1,240 levels

₹207 • ITC

S1

S2

R1

R2

COMMENT

204

201

210

213

Fresh long positions can be initiated with a tight stop-loss only if the stock of ITC moves beyond ₹210 levels

₹90 • ONGC

S1

S2

R1

R2

COMMENT

88

86

93

96

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC rebounds up from ₹88 levels

₹1943 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1920

1900

1960

1980

Fresh long positions are recommended with a stiff stop-loss only if the stock of RIL rallies above ₹1,960

₹263 • SBI

S1

S2

R1

R2

COMMENT

257

250

268

274

Initiate fresh long positions with a tight stop-loss if the stock of SBI reverses higher from ₹257 levels

₹2907 • TCS

S1

S2

R1

R2

COMMENT

2880

2860

2930

2950

Make use of intraday dips to buy the stock of TCS while maintaining a stiff stop-loss at ₹2,880 levels

13612 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

13550

13490

13660

13710

Initiate fresh long positions with a fixed stop-loss if the contract rebounds up from 13,550 levels

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 24, 2020
This article is closed for comments.
Please Email the Editor