Day trading guide

Day Trading Guide for January 3, 2020

| Updated on January 02, 2020 Published on January 03, 2020

₹1286 • HDFC Bank

S1

S2

R1

R2

COMMENT

1270

1255

1300

1315

Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹1,270 levels

₹734 • Infosys

S1

S2

R1

R2

COMMENT

728

722

740

746

Initiate fresh long positions with a stiff stop-loss only if the stock rallies above ₹740 levels

₹239 • ITC

S1

S2

R1

R2

COMMENT

237

235

242

245

Make use of intra-day declines to buy the stock of ITC while maintaining a fixed stop-loss at ₹237 levels

₹128 • ONGC

S1

S2

R1

R2

COMMENT

125

122

130

133

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹125 levels

₹1535 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1520

1505

1550

1565

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹1,520 levels

₹339 • SBI

S1

S2

R1

R2

COMMENT

334

328

347

355

Make use of intra-day dips to buy the stock while retaining a tight stop-loss at ₹334 levels

₹2157 • TCS

S1

S2

R1

R2

COMMENT

2140

2120

2180

2200

Fresh short positions are recommended with a fixed stop-loss only if the stock of TCS falls below ₹2,140 levels

12339 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12290

12240

12390

12440

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 12,290 levels

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

Published on January 03, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.