Day trading guide

Day Trading Guide For January 15, 2020

| Updated on January 14, 2020 Published on January 15, 2020

₹1289 • HDFC Bank

S1

S2

R1

R2

COMMENT

1275

1260

1300

1315

Fresh long positions can be initiated with a stiff stop-loss if the stock moves beyond ₹1,300 levels

₹775 • Infosys

S1

S2

R1

R2

COMMENT

767

756

783

790

Make use of intra-day dips to buy the stock of Infosys while maintaining a fixed stop-loss at ₹767 levels

₹243 • ITC

S1

S2

R1

R2

COMMENT

240

237

245

248

Initiate fresh long positions with a stiff stop-loss if the stock of ITC advances above ₹245 levels

₹125 • ONGC

S1

S2

R1

R2

COMMENT

123

120

128

131

The stock of ONGC is moving in a narrow range without any bias. Desist trading in it for the session

₹1529 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1515

1500

1544

1558

Consider initiating fresh short positions with a tight if the stock declines below ₹1,515 levels

₹327 • SBI

S1

S2

R1

R2

COMMENT

324

318

335

342

Initiate fresh short positions with a fixed stop-loss only if the stock falls below ₹324 levels

₹2207 • TCS

S1

S2

R1

R2

COMMENT

2185

2160

2230

2250

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹2,230 levels

12397 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12350

12300

12440

12485

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 12,350 levels

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

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Published on January 15, 2020
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