Day trading guide

Day Trading Guide For January-10

Yoganand D BL Research Bureau | Updated on March 09, 2018 Published on January 09, 2018

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





10646 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10600

10565

10685

10725

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10,600 levels



₹1863 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1870

1880

Initiate fresh short positions with a fixed stop-loss only if the stock fails to move beyond ₹1870 levels



₹1041 • Infosys

S1

S2

R1

R2

COMMENT

1030

1020

1050

1060

Outlook is bullish for the stock of Infosys. Buy in declines while maintaining a stiff stop-loss at ₹1030 levels



₹270 • ITC

S1

S2

R1

R2

COMMENT

267

264

273

276

Make use of intra-day dips to buy the stock of ITC while retaining a fixed stop-loss at ₹267 levels



₹196 • ONGC

S1

S2

R1

R2

COMMENT

194

191

200

203

Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC rallies above ₹200 levels



₹940 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

950

960

The stock experiences buying interest at lower levels. Make use of dips to buy the stock with a fixed stop-loss



₹304 • SBI

S1

S2

R1

R2

COMMENT

300

295

310

315

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹300 levels



₹2708 • TCS

S1

S2

R1

R2

COMMENT

2680

2660

2725

2745

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹2680 levels



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

Published on January 09, 2018
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