Day trading guide

Day Trading Guide for January 7, 2021

| Updated on January 06, 2021

₹1420 • HDFC Bank

S1

S2

R1

R2

COMMENT

1408

1395

1434

1450

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹1,434

₹1281 • Infosys

S1

S2

R1

R2

COMMENT

1268

1250

1293

1303

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹1,268 levels

₹205 • ITC

S1

S2

R1

R2

COMMENT

202

199

208

211

Make use of intraday rallies to initiate fresh short positions with a tight stop-loss at ₹208 levels

₹96 • ONGC

S1

S2

R1

R2

COMMENT

94

92

99

101

Initiate fresh long positions with a stiff stop-loss if the stock of ONGC rebounds up from ₹94 levels

₹1914 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1900

1880

1935

1955

Make use of intraday rallies to go short while maintaining a tight stop-loss at ₹1,935 levels

₹284 • SBI

S1

S2

R1

R2

COMMENT

280

275

290

295

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹290 levels

₹3052 • TCS

S1

S2

R1

R2

COMMENT

3030

3010

3080

3105

Consider initiating fresh short positions with a tight stop-loss if the stock reverses down from ₹3,080

14174 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14110

14050

14230

14280

Initiate fresh long positions with a tight stop-loss only if the contract moves above 14,230 levels

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

Published on January 07, 2021

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