Day trading guide

Day Trading Guide for December 29, 2020

| Updated on December 28, 2020 Published on December 29, 2020

₹1412 • HDFC Bank

S1

S2

R1

R2

COMMENT

1400

1385

1425

1440

Make use of intraday declines to buy the stock while maintaining a tight stop-loss at ₹1,400 levels

₹1240 • Infosys

S1

S2

R1

R2

COMMENT

1224

1210

1252

1265

Consider initiating fresh long positions with a stiff stop-loss if the stock of Infosys rallies above ₹1,252 levels

₹209 • ITC

S1

S2

R1

R2

COMMENT

206

203

212

215

Initiate fresh long positions with a fixed stop-loss if the stock of ITC reverses higher from ₹206 levels

₹93 • ONGC

S1

S2

R1

R2

COMMENT

90

88

96

99

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹96 levels

₹2003 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

Initiate fresh long positions with a stiff stop-loss only if the stock of RIL advances above ₹2020 levels

₹275 • SBI

S1

S2

R1

R2

COMMENT

268

263

280

286

Make use of intraday dips to buy the stock of SBI while retaining a fixed stop-loss at ₹268 levels

₹2928 • TCS

S1

S2

R1

R2

COMMENT

2910

2885

2950

2975

Fresh long positions can be initiated with a fixed stop-loss if the stock climbs above ₹2,950 levels

13890 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

13830

13770

13950

14000

Consider initiating fresh long positions with a tight stop-loss if the contract moves above 13950 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 29, 2020
This article is closed for comments.
Please Email the Editor