Day trading guide

Day Trading Guide For January 17, 2020

| Updated on January 16, 2020 Published on January 17, 2020

₹1287 • HDFC Bank

S1

S2

R1

R2

COMMENT

1275

1260

1300

1315

Initiate fresh long positions with a tight stop-loss only if the contract moves beyond ₹1,300 levels

₹766 • Infosys

S1

S2

R1

R2

COMMENT

759

750

774

783

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹759 levels

₹240 • ITC

S1

S2

R1

R2

COMMENT

237

235

243

246

Fresh long positions are recommended with a fixed stop-loss only if the stock of ITC advances above ₹243 levels

₹124 • ONGC

S1

S2

R1

R2

COMMENT

122

120

127

130

Consider initiating fresh long positions with a tight if the stock of ONGC rallies above ₹127 levels

₹1537 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1525

1510

1550

1565

The stock faces a key resistance ahead at ₹1,550. Go long only if it moves above this level with a fixed stop-loss

₹323 • SBI

S1

S2

R1

R2

COMMENT

318

310

330

337

Initiate fresh long positions with a stiff stop-loss if the stock of SBI bounces up from ₹318 levels

₹2238 • TCS

S1

S2

R1

R2

COMMENT

2220

2200

2260

2280

Consider initiating fresh long positions with a fixed only if the stock of TCS rebounds up from ₹2,220 levels

12374 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12340

12290

12410

12450

Initiate fresh long positions with a fixed stop-loss if the contract reverses higher from 12,340 levels

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

Published on January 17, 2020
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