Day trading guide

Day Trading Guide For December-28

Gurumurthy K BL Research Bureau | Updated on March 09, 2018 Published on December 27, 2017

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

₹1858 • HDFC Bank

S1

S2

R1

R2

COMMENT

1849

1815

1875

1900

Initiate fresh short positions with a stop-loss at ₹1,865 if the stock breaks below ₹1,849.



₹1034 • Infosys

S1

S2

R1

R2

COMMENT

1020

1000

1040

1050

Resistance ahead. Go long only if the stock breaks above ₹1,040. Keep the stop-loss at ₹1,025



₹262 • ITC

S1

S2

R1

R2

COMMENT

261

259

266

268

Immediate outlook is unclear as the stock is stuck in a narrow range. Avoid trading this stock



₹192 • ONGC

S1

S2

R1

R2

COMMENT

189

186

197

200

Wait for dips and go long with a stop-loss at ₹185 if the stock reverses higher from ₹189.



₹922 • Reliance Ind.

S1

S2

R1

R2

COMMENT

915

905

940

960

Initiate fresh short positions if the stock breaks below ₹915. Stop-loss can be placed at ₹930



₹314 • SBI

S1

S2

R1

R2

COMMENT

309

303

317

322

Outlook is bearish. Go short and also accumulate on rallies. Keep the stop-loss at ₹318



₹2621 • TCS

S1

S2

R1

R2

COMMENT

2600

2550

2640

2660

Hovers above a support. Go short with a stop-loss at ₹2,625 if the stock breaks below ₹2,600



10500 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10475

10400

10515

10560

Near-term view is negative. Go short and also accumulate on rallies with a stop-loss at 10,525



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

Published on December 27, 2017
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