Day Trading Guide for January 10

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

₹2116 • HDFC Bank

S1

S2

R1

R2

COMMENT

2103

2090

2128

2140

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹2,128 levels

 

₹675 • Infosys

S1

S2

R1

R2

COMMENT

668

660

684

693

Make use of intra-day declines to buy the stock of Infosys while retaining a fixed stop-loss at ₹668 levels

 

₹290 • ITC

S1

S2

R1

R2

COMMENT

287

284

293

296

Near-term outlook is bullish for the stock of ITC. Buy dips with a stiff stop-loss at ₹287 levels

 

₹145 • ONGC

S1

S2

R1

R2

COMMENT

142

139

148

151

Fresh long positions are recommended with a fixed stop-loss only if the stock of ONGC climbs above ₹148 levels

 

₹1108 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1095

1080

1118

1130

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL reverses higher from ₹1,095 levels

 

₹305 • SBI

S1

S2

R1

R2

COMMENT

299

294

310

316

Fresh long positions can be initiated with a stiff stop-loss if the stock of SBI rebounds up from ₹299 levels

 

₹1887 • TCS

S1

S2

R1

R2

COMMENT

1870

1850

1910

1930

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹1,870 levels

 

10877 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10825

10775

10930

10980

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10,825 levels

 

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

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