Day trading guide

Day Trading Guide for January 8, 2021

| Updated on January 07, 2021

₹1416 • HDFC Bank

S1

S2

R1

R2

COMMENT

1400

1385

1429

1445

Consider initiating fresh short positions with a fixed stop-loss only if the stock falls below ₹1,400

₹1261 • Infosys

S1

S2

R1

R2

COMMENT

1250

1235

1275

1287

Fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹1,275

₹202 • ITC

S1

S2

R1

R2

COMMENT

199

196

205

208

Initiate fresh short positions with a tight stop-loss if the stock of ITC fails to move beyond ₹205 levels

₹97 • ONGC

S1

S2

R1

R2

COMMENT

94

92

99

101

Make use of intraday dips to buy the stock of ONGC while maintaining a stop-loss at ₹94 levels

₹1911 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1895

1880

1925

1945

Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹1,895 levels

₹287 • SBI

S1

S2

R1

R2

COMMENT

284

280

295

300

Initiate fresh short positions with a stiff stop-loss only if the stock of SBI declines below ₹284 levels

₹3050 • TCS

S1

S2

R1

R2

COMMENT

3030

3010

3075

3100

Fresh long positions are recommended with a fixed stop-loss only if the sock of TCS advances above ₹3,075

14191 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14130

14070

14250

14300

Consider initiating fresh long positions with a tight stop-loss only if the contract moves beyond 14,250 levels

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

Published on January 08, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor