Day trading guide

Day Trading Guide for January 22

Yoganand D, BL Research Bureau | Updated on January 22, 2020 Published on January 22, 2020

₹1244 • HDFC Bank

S1

S2

R1

R2

COMMENT

1230

1215

1260

1275

The stock tests a key support at current levels. Go long if it reverses higher from ₹1,230 with a fixed stop-loss

₹761 • Infosys

S1

S2

R1

R2

COMMENT

755

745

769

775

Fresh short positions can be initiated with a fixed stop-loss only if the stock declines below ₹755 levels

₹238 • ITC

S1

S2

R1

R2

COMMENT

236

233

241

244

Make use of intra-day rallies to initiate fresh short positions while maintaining a stop-loss at ₹241 levels

₹122 • ONGC

S1

S2

R1

R2

COMMENT

120

117

125

128

Initiate fresh short positions with a tight stop-loss if the stock of ONGC falls below ₹120 levels

₹1533 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1515

1500

1545

1560

Fresh short positions are recommended with a fixed stop-loss only if the stock drops below ₹1,515 levels

₹313 • SBI

S1

S2

R1

R2

COMMENT

307

300

320

327

Make use of intra-day rallies to initiate fresh short positions with a tight stop-loss placed at ₹320 levels

₹2171 • TCS

S1

S2

R1

R2

COMMENT

2150

2130

2190

2210

Initiate fresh short positions with a tight stop-loss if the stock of TCS reverses down from ₹2,190 levels

12203 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12150

12100

12250

12300

Fresh long positions can be initiated with a fixed stop-loss only if the contract moves beyond 12,250 levels

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

Published on January 22, 2020
This article is closed for comments.
Please Email the Editor