Day trading guide

Day Trading Guide for January 1, 2020

| Updated on December 31, 2019 Published on January 01, 2020

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

₹1271 • HDFC Bank

S1

S2

R1

R2

COMMENT

1260

1245

1285

1298

Fresh short positions can be initiated with a stiff stop-loss if the stock falls below ₹1,260 levels

 

₹731 • Infosys

S1

S2

R1

R2

COMMENT

724

718

737

745

Initiate fresh long positions with a fixed stop-loss only if the stock of Infosys move beyond ₹737 levels

 

₹237 • ITC

S1

S2

R1

R2

COMMENT

234

231

239

242

Fresh short positions are recommended with a tight stop-loss only if the stock of ITC declines below ₹234 levels

 

₹128 • ONGC

S1

S2

R1

R2

COMMENT

125

122

130

133

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹125 levels

 

₹1514 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1500

1485

1530

1545

Consider initiating fresh short positions with a tight stop-loss only if the stock of RIL declines below ₹1,500 levels

 

₹333 • SBI

S1

S2

R1

R2

COMMENT

328

320

339

347

The stock of SBI is range-bound in a narrow band. Desist trading in the stock for the session

 

₹2161 • TCS

S1

S2

R1

R2

COMMENT

2140

2120

2180

2200

Fresh short positions can be initiated with a fixed stop-loss only if the stock drops below ₹2,140 levels

 

12246 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12200

12150

12300

12350

Initiate fresh long positions with a tight stop-loss only if the contract advances above 12,300 levels

 

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

Published on January 01, 2020
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