Day trading guide

Day Trading Guide For December-29

Yoganand D BL Research Bureau | Updated on March 09, 2018 Published on December 28, 2017

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



10489 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10450

10400

10530

10566

Consider initiating fresh short positions with a tight stop-loss only if the contract declines below 10450 levels



₹1874 • HDFC Bank

S1

S2

R1

R2

COMMENT

1865

1855

1885

1995

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹1,885 levels



₹1034 • Infosys

S1

S2

R1

R2

COMMENT

1025

1015

1040

1050

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys reverses higher from ₹1025 levels



₹261 • ITC

S1

S2

R1

R2

COMMENT

259

257

263

266

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹263



₹193 • ONGC

S1

S2

R1

R2

COMMENT

191

188

196

200

Consider initiating fresh long positions with a stiff stop-loss if the stock of ONGC advances above ₹196 levels



₹924 • Reliance Ind.

S1

S2

R1

R2

COMMENT

913

902

930

938

Fresh short positions are recommended with a fixed stop-loss if the stock of RIL drops below ₹913 levels



₹308 • SBI

S1

S2

R1

R2

COMMENT

304

299

312

318

Utilise intra-day rallies to initiate fresh short positions in the stock with a fixed stop-loss at ₹312 levels



₹2628 • TCS

S1

S2

R1

R2

COMMENT

2610

2590

2650

2670

Initiate fresh long positions with a stiff stop-loss if the stock of TCS climbs beyond ₹2650 levels



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

Published on December 28, 2017
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