Day trading guide

Day Trading Guide For January-02

Yoganand D BL Research Bureau | Updated on January 08, 2018 Published on January 01, 2018

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:



10498 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10450

10400

10550

10590

Fresh short positions can be initiated with a tight stop-loss if the contract fails to advance above 10,550 levels



₹1857 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1870

1880

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1870 levels



₹1034 • Infosys

S1

S2

R1

R2

COMMENT

1025

1015

1040

1050

Fresh long positions are recommended with a fixed stop-loss only if the stock of Infosys advances above ₹1040 levels



₹262 • ITC

S1

S2

R1

R2

COMMENT

260

258

264

267

Initiate fresh short positions with a stiff stop-loss if the stock of ITC reverses down from ₹264 levels



₹192 • ONGC

S1

S2

R1

R2

COMMENT

190

187

195

198

Consider initiating fresh short positions with a tight stop-loss if the stock of ONGC declines below ₹190 levels



₹911 • Reliance Ind.

S1

S2

R1

R2

COMMENT

900

890

920

930

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹920 levels



₹307 • SBI

S1

S2

R1

R2

COMMENT

304

299

312

318

Near-term outlook is bearish for the stock. Make use of intra-day rallies to go short with a stiff stop-loss at ₹312 levels



₹2654 • TCS

S1

S2

R1

R2

COMMENT

2630

2610

2675

2695

Consider initiating fresh long positions with a fixed stop-loss if the stock rallies above ₹2675 levels



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

Published on January 01, 2018
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