Day trading guide

Day Trading Guide for January 14, 2021

| Updated on January 13, 2021

₹1470 • HDFC Bank

S1

S2

R1

R2

COMMENT

1465

1450

1495

1510

Despite declining yesterday, the outlook is bullish. Buy on declines with a stiff stop-loss at ₹1,450

₹1387 • Infosys

S1

S2

R1

R2

COMMENT

1360

1345

1400

1425

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys breaks out of ₹1,400

₹211 • ITC

S1

S2

R1

R2

COMMENT

208

205

212

216

Make use of intraday dips to buy the stock of ITC while maintaining a stop-loss at ₹205

₹105 • ONGC

S1

S2

R1

R2

COMMENT

104

101

108

112

Stock have been gaining steadily and trend in upwards; buy the stock with stop-loss at ₹101

₹1939 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1920

1900

1970

2000

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL advances above ₹1,970

₹306 • SBI

S1

S2

R1

R2

COMMENT

300

296

310

314

Stock breaks out of ₹300 strengthening the uptrend; go long on declines with stop-loss at ₹300

₹3159 • TCS

S1

S2

R1

R2

COMMENT

3130

3100

3200

3225

Initiate fresh short positions with a tight stop-loss if the stock falls below the support at ₹3,150

14591 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14550

14490

14650

14700

Go long in the contract with stop-loss at 14,550 if it decisively breaches the hurdle of 14,600

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

Published on January 14, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor