Day trading guide

Day Trading Guide For January 14, 2020

| Updated on January 13, 2020 Published on January 14, 2020

₹1287 • HDFC Bank

S1

S2

R1

R2

COMMENT

1273

1257

1300

1315

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹1,273 levels

₹773 • Infosys

S1

S2

R1

R2

COMMENT

763

754

780

790

Near-term outlook is bullish for the stock of Infosys. Make use of intra-day dips to buy it with a stiff stop-loss

₹239 • ITC

S1

S2

R1

R2

COMMENT

237

233

242

245

Fresh long positions are recommended with a tight stop-loss only if the stock climbs above ₹242 levels

₹125 • ONGC

S1

S2

R1

R2

COMMENT

123

120

128

131

Initiate fresh long positions with tight stop-loss if the stock of ITC rebounds up from ₹123 levels

₹1543 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1530

1515

1558

1575

Fresh long positions can be initiated with a tight stop-loss only if the stock of RIL reverses higher from ₹1,530 levels

₹330 • SBI

S1

S2

R1

R2

COMMENT

324

318

336

342

Consider initiating fresh long positions with a tight if the stock of SBI reverses higher from 324 levels

₹2191 • TCS

S1

S2

R1

R2

COMMENT

2170

2150

2215

2235

Initiate fresh long positions with a fixed stop-loss only if the stock of TCS advances above ₹2,215 levels

12362 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12310

12260

12400

12440

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 12,310 levels

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

Published on January 14, 2020
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