Day trading guide

Day Trading Guide For January-15

BL Research Bureau | Updated on January 14, 2019

₹2100 • HDFC Bank

S1

S2

R1

R2

COMMENT

2090

2075

2114

2128

Consider initiating fresh short positions with a fixed stop-loss if the stock falls below ₹2090 levels

₹700 • Infosys

S1

S2

R1

R2

COMMENT

693

684

709

718

Near-term outlook is bullish for the stock of Infosys. Buy in declines while maintaining a fixed stop-loss at ₹693 levels

₹294 • ITC

S1

S2

R1

R2

COMMENT

291

288

297

300

Initiate fresh long positions with a stiff stop-loss if the stock of ITC reverses higher from ₹291 levels

₹143 • ONGC

S1

S2

R1

R2

COMMENT

140

137

146

149

Fresh short positions are recommended with a stiff stop-loss only if the stock of ONGC falls below ₹140 levels

₹1096 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1080

1065

1110

1125

Initiate fresh long positions with a tight stop-loss if the stock of RIL advances above ₹1,110 levels

₹300 • SBI

S1

S2

R1

R2

COMMENT

295

290

305

310

Fresh long positions can be initiated with a stiff stop-loss only if the stock rebounds up from ₹295 levels

₹1814 • TCS

S1

S2

R1

R2

COMMENT

1795

1775

1835

1855

Make use of intra-day rallies to initiate fresh short positions with a tight stop-loss at ₹1,835 levels

10769 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10720

10670

10820

10870

Initiate fresh short positions with a tight stop-loss only if the contract falls below 10,720 levels

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

Published on January 14, 2019

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