Day Trading Guide For December-05

₹2088 • HDFC Bank

S1

S2

R1

R2

COMMENT

2075

2063

2100

2114

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹2,100 levels

₹684 • Infosys

S1

S2

R1

R2

COMMENT

674

665

695

705

Near-term stance is bullish for the stock of Infosys. Buy in declines while retaining a stiff stop-loss at ₹674 levels

₹281 • ITC

S1

S2

R1

R2

COMMENT

279

277

285

288

Make use of intra-day rallies to initiate fresh short positions with a fixed stop-loss at ₹285 levels

₹146 • ONGC

S1

S2

R1

R2

COMMENT

143

140

149

152

The stock experiences buying interest at lower levels. Buy in dips while maintaining a fixed stop-loss at ₹143 levels

₹1151 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1135

1120

1165

1180

Fresh short positions are recommended with a stiff stop-loss only if the stock of RIL falls below ₹1135 levels

₹282 • SBI

S1

S2

R1

R2

COMMENT

277

271

287

292

Utilise use of intra-day rallies to initiate fresh short positions with a tight stop-loss at ₹287 levels

₹2009 • TCS

S1

S2

R1

R2

COMMENT

1990

1970

2025

2045

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1990 levels

10907 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10850

10800

10950

11000

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10,850 levels

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

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